Tether, the issuer of the largest stablecoin USDT, announced its activity report for the last quarter of 2023 in line with the audit of global auditing firm BDO.
Tether for the last quarter of the year $2.85 billion announced a record net profit. Most of this from the company’s gold and Bitcoin reserves was reported to have been obtained.
Tether’s net profit for 2023 $6.2 billion It was announced that approximately $4 billion of this amount was provided from US bonds, reverse repos and money market funds.
The company announced excess reserves worth 5.4 billion dollars, 640 million dollars He stated that the remaining part was invested in strategic projects. These mining, artificial intelligence infrastructure, P2P telecommunications It covers areas such as.
The total holdings of the company as of December 31, 2023 97 billion dollars worth of assets, while liabilities are approximately $91.6 billion It does.