Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin

Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin

Crypto firm Tether estimates it will make $700 million in profit in the March quarter, taking its total excess reserves to over $1.6 billion, its CTO said.

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