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Tether's Q1: $10B Profit, $82B Reserves, Top Treasury Holder
Description
Tethers Q1 results showcase strength, with a net profit of $1.04 billion and record excess reserves of $8.23 billion. Total assets near $192 billion, liabilities at $183.5 billion. Most reserves in U.S. government-backed instruments. Stablecoins like USDT gain traction, powering global payments. Tether ranks third in market cap, with Visa expanding stablecoin settlement to multiple blockchains. Tethers reserves include U.S. Treasuries, physical gold, and Bitcoin, solidifying its stablecoin position.
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