Krisztian Sandor / CoinDesk:

Tether reports Q3 net profits of $2.5B, driven by gains in its US Treasury and gold holdings and bringing YTD profit to $7.7B, as USDT market cap nears $120B  —  The company also owns a significant amount of gold and the big move higher in the yellow metal boosted profits.

Krisztian Sandor / CoinDesk:

Tether reports Q3 net profits of $2.5B, driven by gains in its US Treasury and gold holdings and bringing YTD profit to $7.7B, as USDT market cap nears $120B  —  The company also owns a significant amount of gold and the big move higher in the yellow metal boosted profits.

Source: TechMeme
Source Link: http://www.techmeme.com/241031/p51#a241031p51