Source: Coindesk.com
Stablecoin issuer Tether Thursday reported $2.5 billion of group-wide net profits in the third quarter of the year, bringing year-to-date profit to $7.7 billion as the market capitalization of its flagship cryptocurrency (USDT) neared $120 billion.
Some $1.3 billion of the profits derived from yield on U.S. Treasury holdings,
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The post "Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries" appeared first here Coindesk.com.
Source: Coindesk.com
