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Tether Reports Profit Surge: Crypto Giant's CTO On Impact Of Failing Banks
Friday, March 24, 2023 - 3:53pm | 557Stablecoin issuer Tether (CRYPTO: USDT) projects a Q1 profit of $700 million, pushing its aggregate surplus reserves beyond $1 billion, according to the firm's CTO Paolo Ardoino. Tether is responsible for issuing the USDT stablecoin, which maintains a one-to-one relationship with the U.S....