Tether Posts $1.5 Billion in Third-Quarter Net Operating Profit, Reserve Buffer Doubles
JH Kim
Summary
- Tether said it posted $1.5 billion in net operating profit in the third quarter.
- Tether's reserve buffer doubled from the previous level.
- The reserve buffer's exact size and the reason for the increase were not disclosed.
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Stablecoin issuer Tether posted $1.5 billion in net operating profit in the third quarter, while its reserve buffer doubled from the previous level.
Cointelegraph reported on October 30 that Tether's net operating profit totaled $1.5 billion.
Tether's reserve buffer doubled over the same period. The reserve buffer refers to assets held in excess of liabilities linked to issued stablecoins.
The company did not disclose the reserve buffer's exact size or the reason for the increase.
JH Kim
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