Tether's Q1 2024 report details significant financial growth and increased transparency: A record Q1 net profit of $4.52bn, mainly from US Treasury holdings and gains in Bitcoin and Gold
For the first time, Tether disclosed a net equity of $11.37bn, showcasing enhanced transparency
90% of Tether-issued tokens are backed by cash and cash equivalents, ensuring robust liquidity
Its strategic investments exceed $5bn in areas like AI and renewable energy
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