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Tether holds $1.5 billion in BTC According to Tether's Q1 2 | DeFi - news, reviews, articles

Tether holds $1.5 billion in BTC

According to Tether's Q1 2023 report, they made a net profit of $1.48 billion. During that time, USDT's capitalization increased from $66 billion to $81 billion.

Tether also disclosed the structure of its reserves, most of which are in U.S. Treasury bonds. But also about $3.3 billion is in precious metals, and $1.5 billion is invested in bitcoin.

And how much money in BTC is held by the USDC... none?