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CryptoBeInCrypto · 59d ago

Tether Made $1.5 Billion in Q2 and Its Reserve Cushion Still Halved

Tether generated $1.5 billion in revenue during Q2 while its excess reserves fell to $4.11 billion from $8.23 billion. The stablecoin issuer's cushion, verified by accounting firm BDO, decreased by half despite USDT remaining overcollateralized.

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