Tether CEO: Bitcoin price decline has little impact on Tethers net profitability
Odaily2024/07/31 18:04
By:Odaily
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Odaily News Paolo Ardoino, CEO of
Tether, posted on the X platform that the decline in
Bitcoin prices has little impact on Tethers net profitability. Tethers main goal has always been to create the strongest, most stable and most resilient stablecoin, and management has decided to retain $5.33 billion in excess reserves as part of the stablecoin reserve to further protect USDTs global user base.
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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.
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