Tether Reports Q3 Net Profit of $2.5 Billion

Tether has announced massive Q3 profits

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Tether Strikes Gold In Bitcoin: Profits Soar Above $1 Billion Amid Bull Market

Tether, known for its USDT stablecoin, has recently made headlines with its Bitcoin holdings soaring in value, generating a profit exceeding $1 billion. Notably, this significant financial gain can be attributed to the stablecoin issuer’s approach of buying Bitcoin using a portion of its net profits.

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Op-ed: Is Tether’s profitability a risky bet on treasury profits?

Tether, the issuer of the world’s largest stablecoin, USDT, is breaking all records in 2023. In its Q1 assurance report, Tether gained an all-time high reserve surplus of $2. 44 billion, and a net profit of $1.

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Tether reports profit worth $850 million in Q2 2023

Tether's operational profits soared past $1 billion in Q2 2023. The report also revealed treasuries worth $72.5 billion backing the USDT stablecoin. Tether, the issuer of the USDT stablecoinThe post Tether reports profit worth $850 million in Q2 2023 appeared first on AMBCrypto.

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Tether’s excess reserves rose to $3.3B in Q2: report

Tether’s excess reserves for the USDT stablecoin hit $3. 3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities was roughly $83.

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Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter

The company said its operational profits exceeded $1 billion in Q2 this year.

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This Week in Crypto: Reddit Mod Protests, Tether Profits, and Dormant Bitcoin Rises

The US has fallen to 25th in the world for economic freedom due to increased government spending and regulations. Meanwhile, Reddit is facing backlash for charging for API access, and Tether is set to make $6 billion in profits this year.

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Tether Profits Could Eclipse Those of BlackRock in 2023: Analysts

Stablecoin issuer Tether could earn more than BlackRock this year, with analysts predicting $6 billion in profits. Demand for USDT stablecoins has increased by 25. 7% since the beginning of the year.

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Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay

Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.

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Tether (USDT) Stablecoin Market Dominance Rises as USDC Declines amid Global Economic Woes

Coinspeaker Tether (USDT) Stablecoin Market Dominance Rises as USDC Declines amid Global Economic Woes Tether USDT recently announced that it will regularly allocate up to 15 percent of its net realized operating profits towards purchasing Bitcoin as a reserve currency.

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Tether Bets On Bitcoin: Allocates Up To 15% Of Profits For BTC Purchases

Tether, the company managing the reserves of the world’s largest stablecoin USDT, has announced a new investment strategy aimed at strengthening its reserves portfolio. Tether will now allocate up to 15% of its net realized operating profits toward purchasing Bitcoin (BTC) regularly.

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Tether To Invest 15% Of Its Net Monthly Profits in Bitcoin

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Tether and its plans to buy BTC: These changes can be anticipated thanks to...

Tether to use up 15% of its net realized operating profits to buy more BTC.  Potential demand for BTC may witness a surge as Tether announces plans to buy. Tether might be about to spice thThe post Tether and its plans to buy BTC: These changes can be anticipated thanks to... appeared first on AMBCrypto.

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Tether to Use 15% of Profits to Grow Bitcoin Holdings

Tether announces it plans to allocate 15% of revenues toward buying Bitcoin. Is this a trustworthy plan for further diversification, or a distraction from its questionable accounting? The post Tether to Use 15% of Profits to Grow Bitcoin Holdings appeared first on BeInCrypto.

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USDT Issuer Tether to Enhance Reserves via Regular Bitcoin Purchase

Coinspeaker USDT Issuer Tether to Enhance Reserves via Regular Bitcoin Purchase Stablecoin issuer Tether has announced plans to purchase Bitcoin with 15% of realized operating profits routinely.

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Tether to allocate 15% of its profits to purchase Bitcoin

The latest Tether news is that the company behind the leading stablecoin in the market USDT, is looking to allocate a portion of its profits towards the purchase of Bitcoin. The “investment strategy [is] aimed at further strengthening its reserves portfolio,” Tether said in a press release published on Wednesday.

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Tether USDT to strengthen reserves with Bitcoin purchase

Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate.

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Tether to buy Bitcoin based on monthly net profits

Tether said that Bitcoin’s decentralized nature and its long-term store of value made it an obvious choice for the stablecoin issuer.

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Bitcoin’s Secret Weapon: How Tether Investment Could Prop Up a New Rally

Tether, the issuer of the world’s largest stablecoin, has announced plans to allocate a significant portion of its profits to invest in bitcoin. This move comes as Tether aims to reinforce its position as a stablecoin leader and diversify its reserves away from U.

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Tether Says It Will Buy Bitcoin for Stablecoin Reserves Using Realized Profits

The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.

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Tether boasts of its financial stability after strong profits, money moved out of banks

Tether Holdings wants to make sure the world is aware of its positive first-quarter attestation in the face of rumors and criticism.

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How will USDT's growth impact Bitcoin [BTC]? According to this data....

Tether invested a large portion of profits into BTC. However, BTC miners got skeptical. After the collapse of the Silicon Valley Bank (SVB), Tether's [USDT] biggest competitor, Circle [USDC]The post How will USDT's growth impact Bitcoin [BTC]? According to this data.... appeared first on AMBCrypto.

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Stablecoin Issuer Tether Rakes In Staggering $1.5 Billon in Q1 Profits

In the first quarter of 2023, Tether, a prominent issuer of stablecoins, posted a net profit of $1.5 billion

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Tether set to post $700m in profits for Q1 2023

Tether, the company behind the most widely used stablecoin, USDT, has announced that it expects to report a profit of $700m for Q1 2023

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How Tether (USDT) Benefited from the Silicon Valley Bank Collapse

Stablecoin operator Tether is expected to announce profits of $700 million for the first quarter of the year after publishing its figures for the first time. The post How Tether (USDT) Benefited from the Silicon Valley Bank Collapse appeared first on BeInCrypto.

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Tether Refutes Rumors Surrounding Stablecoin Backing

Tether has categorically denied rumors about its commercial paper holdings, claiming they are being spread to induce panic and generate profits. The post Tether Refutes Rumors Surrounding Stablecoin Backing appeared first on BeInCrypto.

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Hedge Fund Fir Tree Makes Big Short Bet Against Tether: Bloomberg

The asymmetric bet limits the downside, but promises big profits if correct, say clients of the firm.

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Publisher of ‘Infinite Fleet’ Game Kicks Off Token Offering With $1M Tether Investment

The security token offering enables investors in select EU countries to share in future profits, Exordium says.

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How Tether is key to turning profits in Bitcoin's volatile market

With the Bitcoin Fear and Greed Index noting a reading of 88 on the charts, based on data from Alternative, the trade volume of Tether was noted to have dropped by nearly 4%. In fact, the drop was preThe post How Tether is key to turning profits in Bitcoin's volatile market appeared first on AMBCrypto.

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Tether is losing ground, but stablecoins supply peaks with $20 billion

This year witnessed close competition between major assets raking in great profits. However, the actors who also contributed to the smooth transfers of most major cryptos were stablecoins, which have The post Tether is losing ground, but stablecoins supply peaks with $20 billion appeared first on AMBCrypto.

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Tron (TRX) Technical Analysis: Tether Launches New Tron-Based Stablecoin, Rally Underway

Nothing in this article is to be construed as investment advice. Neither the author nor the publication assumes any responsibility or liability for any investments, profits or losses you may incur as a result of this information.

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Stablecoins: The Rise Before the Drop?

The last day’s surprise is the appearance of Tether in the Top-5 leading cryptocurrencies. We predicted this possibility, by the way. And the newcomer to the leading five behaves extremely aggressively.

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Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.

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Kraken: An Overview of One of Europe's Top Bitcoin Exchanges

In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.

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