Stablecoin issuer Tether has announced a profit of $1.48 billion for the first quarter of this year, after rising interest rates helped the company earn higher returns on its massive reserves.
In addition to announcing the massive billion-dollar profit, Tether revealed in a press release on Wednesday that it now holds both physical gold and Bitcoin (BTC) – by some considered digital gold – as part of its reserves….
Read More: Tether Announces Q1 Profit of $1.48 Billion and Discloses Bitcoin, Gold Reserves