Tether reports profit surge: Crypto giant’s CTO on the implications of failing…

stablecoin issuer tether USDT/USD forecasts Q1 earnings of $700 million, taking total excess reserves to over $1 billion, according to the company’s CTO Paulo Ardonino. Tether is responsible for issuing the USDT stablecoin, which has a one-to-one relationship with the US dollar. USDT is backed by tangible assets such as fiat currencies and US Treasuries, […]