Stablecoin Issuer Tether Reports $700M Profit for Q4 2022

As of Dec. 31, the company had $67 billion of assets against liabilities of $66 billion, almost all of which relates to digital tokens issued, according to an attestation from BDO. More than 58% of its assets are U.S. Treasury bills. As of May last year, Tether held $20.1 billion commercial paper.

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