Tether reports $1 billion Q1 profit, says audit of $141 billion Treasury holdings underway
Stablecoin issuer Tether announced a billion‑dollar profit for the first quarter despite a broader crypto market slump. The company reiterated that it holds over $141 billion in U.S. Treasury securities and disclosed that a full audit of these assets has begun, though the exact figures have not yet been independently verified.
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