Summary
- Tether (USDT) announced that last year's group total net profit reached a record high of $13 billion.
- It reported earning approximately $7 billion in profits from U.S. Treasury bonds and repo holdings.
- The unrealized gains from gold and Bitcoin (BTC) investments amounted to $5 billion.
According to the cryptocurrency-focused media outlet CoinDesk on the 31st (local time), Tether (USDT) announced through its annual report that the group's total net profit reached $13 billion last year. This marks the highest performance on record.
Among this, the profit from U.S. Treasury bonds and repo holdings was approximately $7 billion, while unrealized gains from gold and Bitcoin (BTC) investments amounted to $5 billion.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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