{"id":30053,"date":"2024-05-02T07:28:56","date_gmt":"2024-05-02T07:28:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-scores-massive-4-5-billion-profit-in-first-quarter\/"},"modified":"2024-05-02T07:28:56","modified_gmt":"2024-05-02T07:28:56","slug":"tether-scores-massive-4-5-billion-profit-in-first-quarter","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-scores-massive-4-5-billion-profit-in-first-quarter\/","title":{"rendered":"Tether Scores Massive $4.5 Billion Profit in First Quarter"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Recent events include the May 1 release of a BDO assurance opinion, which demonstrates Tether\u2019s strong financial performance and notable turning points in its net equity and Treasury bill holdings.<\/p>\n<p>According to the attestation, Tether\u2019s Treasury bills have seen an incredible rise, topping $90 billion and setting a new record. Together with this accomplishment, the digital asset firm\u2019s broad activities have resulted to a total net equity of about $11.3 billion at this point.<\/p>\n<h2>Steady Growth Since Q4<\/h2>\n<p>Comparing figures with the previous year\u2019s fourth quarter, Tether has witnessed substantial growth in its ownership of <a href=\"https:\/\/igaming.org\/crypto\/tethers-cto-reveals-massive-us-treasury-bill-holdings\/\">U.S. Treasuries and net equity<\/a>. From approximately $80 billion and $7 billion, respectively, these numbers have soared, underlining the company\u2019s upward trajectory.<\/p>\n<p>A startling $1 billion in earnings are revealed in the most recent report, mostly from reserve management techniques and stablecoin issuing companies. Remarkably, U.S. Treasury holdings accounted for the majority of earnings, with gold reserves and Bitcoin (BTC) making up the remaining portions.<\/p>\n<p>Tether also hits a big milestone by using cash and cash equivalents to back up to 90% of its fiat-pegged stablecoins, which represents a move toward better risk management. Tether\u2019s CEO, Paolo Ardoino, highlights these figures as evidence of the company\u2019s dedication to prudent risk management, reinforcing its standing as a frontrunner in the cryptocurrency and stablecoin sectors.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/tether-scores-massive-4-5-billion-profit-in-first-quarter\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Recent events include the May 1 release of a BDO assurance opinion, which demonstrates Tether\u2019s strong financial performance and notable turning points in its net equity and Treasury bill holdings. According to the attestation, Tether\u2019s Treasury bills have seen an incredible rise, topping $90 billion and [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":30054,"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\/30053"}],"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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30053"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30054"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}