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Tether Generated $1.5B in Profits in Q1, 2023, Holds 2% Bitcoin in Total Reserves
Amid the banking turmoil in the United States, Tether (USDT) emerged as the preferred stablecoin.
The resurgence was evident in its latest attestation report, which revealed that the stablecoin issuer recorded a net profit of nearly $1.5 billion in the first quarter of 2023.
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