Tether 2023 Financial Report: Q4 profit of $2.85 billion, total annual profit of $6.2 billion.

BlockBeats reported on January 31st that Paolo Ardoino, CEO of Tether, released a summary of Tether's Q4 2023 financial report on social media, which highlighted: · Tether's Q4 2023 profit was $2.85 billion, of which approximately $1 billion was net profit (mainly from US Treasury interest), and approximately $1.85 billion came from its holdings of gold and bitcoin. · Tether's total profit for 2023 was $6.2 billion. · Cash and cash equivalents currently cover 90% of all issued tokens, the highest ratio ever recorded.