{"id":25939,"date":"2024-02-01T08:32:07","date_gmt":"2024-02-01T08:32:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tethers-historic-profits-surpass-expectations-with-us-treasury-focus\/"},"modified":"2024-02-01T08:32:07","modified_gmt":"2024-02-01T08:32:07","slug":"tethers-historic-profits-surpass-expectations-with-us-treasury-focus","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tethers-historic-profits-surpass-expectations-with-us-treasury-focus\/","title":{"rendered":"Tether’s Historic Profits Surpass Expectations with US Treasury Focus"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Stablecoin issuer Tether has revealed its remarkable results for the last quarter of 2023 in a financial disclosure that echoes prosperity. The company\u2019s historic high of $2.80 billion<\/a> in net profit is highlighted in the most recent attestation report.<\/p>\n

The influx of $1 billion from US Treasuries, which constituted a sizeable chunk of the net operational income, was the main driver behind Tether\u2019s astounding gains. The appreciation of the company\u2019s broad portfolio, which included reserves of Bitcoin and gold, was the source of the remaining earnings.<\/p>\n

The policy of diversification had remarkable outcomes, as surplus reserves experienced an unparalleled increase of $2.2 billion, ultimately reaching a total of $5.4 billion. Interestingly, an extra $640 million was carefully allocated to a number of initiatives, including P2P telephony, mining, and AI infrastructure, all of which were protected by a separate venture capital fund.<\/p>\n

A Stellar Year-End Performance<\/strong><\/h2>\n

Tether\u2019s total net profit in 2023 skyrocketed to an astounding $6.2 billion. A sizeable amount, around $4 billion, came from net operating income from money market funds, reverse repo, and US Treasury securities. The rest was explained by other asset classes\u2019 outstanding performance, which highlighted Tether\u2019s strong financial portfolio.<\/p>\n

Positive returns were seen in every asset class, with gold, bitcoin, and diversified assets seeing the biggest gains. Tether\u2019s direct and indirect ownership of US Treasuries reached previously unheard-of levels, representing a sizeable $80.3 billion exposure.<\/p>\n

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175% Extra + $75 Risk Free Bet<\/strong>!<\/strong> <\/p>\n

New players only. 17% on 1st Deposit + $75 Risk Free Bet<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

With $5.4 billion in surplus reserves as of December 1st, 2023, Tether is in a strong financial position, more than making up for the $4.8 billion in outstanding loans included in USDT reserves. With an astounding $98 billion in assets under management, the business demonstrates both its financial strength and its strategic acumen in managing the constantly changing cryptocurrency market.<\/p>\n

Tether\u2019s Q4 financial success demonstrates the flexibility and robustness of its many financial initiatives in addition to reaffirming its position as a stablecoin issuer.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Stablecoin issuer Tether has revealed its remarkable results for the last quarter of 2023 in a financial disclosure that echoes prosperity. The company\u2019s historic high of $2.80 billion in net profit is highlighted in the most recent attestation report. The influx of $1 billion from US […]<\/p>\n","protected":false},"author":5,"featured_media":25940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25939"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25939"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25940"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}