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News · Cryptocurrency & Blockchain · United States

Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

Source: Cointelegraph

Image: Cointelegraph

The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.

This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.

Read the full story at Cointelegraph

Original publisher: Cointelegraph

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