Tether CEO: Bitcoin Price Drop Has Small Impact on Tether's Net Profitability
Bitget2024/07/31 16:13
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Tether CEO Paolo Ardoino said in a post on the X platform that the fall in the price of bitcoin has had a small impact on Tether's net profitability.Tether's main goal has always been to build the strongest, most stable and resilient stablecoin, and management has decided to keep $5.33 billion in excess reserves as part of the stablecoin reserve to further protect USDT s global user base.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
Crypto prices
More
Bitcoin
BTC
$75,617.3
-1.56%
Ethereum
ETH
$2,225.6
-2.36%
Tether USDt
USDT
$0.9988
-0.01%
BNB
BNB
$693.03
+0.27%
XRP
XRP
$1.19
-5.45%
USDC
USDC
$0.9998
+0.00%
Solana
SOL
$90.29
-1.24%
TRON
TRX
$0.3186
+0.67%
Zcash
ZEC
$1,353.89
+5.44%
Hyperliquid
HYPE
$77.99
-2.57%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now