Tether reports $5B reserve excess after making more profit than Goldman Sachs last quarter
Tether revealed that it held profits of $5.4 billion in reserves 'to ensure highest resiliency.'
Stablecoin issuer Tether boasted gains of approximately $2.85 billion during the fourth quarter of last year. The performance led to more profit than Wall Street giant Goldman Sachs, Bitwise chief investment officer Matt Hougan highlighted on X.
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