Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

2022-7-1 17:34

Stablecoin issuer Tether has cut its commercial paper holdings to $8.5 billion, with a further reduction to $3.5 billion planned for the end of the month.

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Tether (USDT) на Currencies.ru

$ 1.0006 (-0.02%)
Объем 24H $105.549b
Изменеия 24h: 0.02 %, 7d: 0.08 %
Cегодня L: $0 - H: $1.0016
Капитализация $122.029b Rank 3
Цена в час новости $ 0.999 (0.16%)

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Tether’s $6.2 billion revenue in 2023 outpaces BlackRock: what’s driving this growth?

Tether, the world’s largest stablecoin issuer, reported a staggering $6. 2 billion in revenue for 2023, surpassing the $5. 5 billion earnings of global investment titan BlackRock. With only 100 employees compared to BlackRock’s 20,000, Tether’s extraordinary profitability highlights the growing impact of digital assets on traditional finance.

2024-9-12 20:34