Bitcoin (BTC) $63,791.40 -0.52%
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Tether (USDT) $1.00 -0.01%
Solana (SOL) 76.824188 -1.59%
Cardano (ADA) $0.17 -0.34%
Chainlink (LINK) $7.92 -0.49%
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Cryptocurrencies: 29428

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Market Cap: $2,187,851,813,379

24h Vol: $44,054,530,522

Coin Edition

2023-02-09 19:59:00

USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022

USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022

Tether Holdings Limited, the issuer of the largest stablecoin, USDT, said it no longer holds any short-term, unsecured debt against its balance sheet after announcing a $700 million profit in a recent blog post. In the report published today, the stablecoin issuer said it ended 2022 with zero commercial paper and at least $67 billion The post USDT Issuer Clears Unsecured Debt and Profits by $700M in Q4 2022 appeared first on Coin Edition .

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