Tether Holdings, the crypto giant behind the world’s largest stablecoin Tether USD (USDT), has posted an operational profit of more than $1 billion for the second quarter of 2023. The stablecoin firm’s consolidated assets exceeded its consolidated liabilities, increasing its excess reserves by $850 million. Paolo Ardoino, the Chief Technology Officer of Tether took to The post Tether’s Excess Reserves Top $3 Billion In Second Quarter Of 2023 appeared first on Coin Edition .
