Tether data shock revenue as stablecoin big aims to place reserve controversy behind it

Critical Details

Tether on Thursday claimed it produced $700 million of financial gain in the December quarter, which the agency has employed to strengthen its reserves.
Tether can make revenue from several charges, and issuing financial loans to other institutions, and investments in electronic tokens and treasured metals.
The agency has prolonged been dogged by problems that its token isn’t really entirely backed a single-to-one by an equivalent benefit of reserves.

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