* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Tether’s excess reserves rose to $3.3B in Q2: report

July 31, 2023
in Business
Tether’s excess reserves rose to $3.3B in Q2: report
Share on FacebookShare on Twitter

Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2.
An attestation report for the quarter by BDO showed operational profits of over $1 billion.
Tether’s consolidated liabilities was roughly $83.17 billion, while exposure to US Treasuries totaled $72.5 billion.

Tether Holdings Limited, the company behind the USDT stablecoin, saw its reserve assets held in excess rise to $3.3 billion in Q2, 2023, according to an attestation report for the quarter released on Monday.

The stablecoin issuer’s Consolidated Reserves Report (CRR) for the quarterly period ending June 30, 2023 was prepared by the accounting firm BDO. Per the assurance report, Tether saw its excess reserves increase by $850 million during the quarter to reach $3.3 billion.

As of 30 June 2023, Tether’s consolidated total assets were $86,499,251,218, while consolidated total liabilities stood at $83,200,775,340. According to the company, $83,178,020,411 of this was related to the digital tokens it has issued.

With USDT the firm’s largest token, total US Treasuries backing USDT by end of Q2 was $72.5 billion, details shared in the report showed.

“I am immensely proud of our most recent reserves attestation, reaffirming our unwavering commitment to transparency,” Tether CTO Paolo Ardoino said.

“Transparency is not just a buzzword for us; it is the cornerstone of our philosophy. We believe that open communication and strong financials foster trust and reliability, and this is what the global community deserves especially in a year devastated by many failures across the banking and crypto industry.”

Tether also revealed operational profits of over $1 billion for the quarter, signaling a 30% increase in operational profits QoQ. The impressive returns come after the company announced net profits of $1.45 billion in Q1, 2023.

Share this articleCategoriesTags

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CoinJournal – https://coinjournal.net/news/tethers-excess-reserves-rose-to-3-3b-in-q2-report/

Tags: businessexcessTether’s
Previous Post

Hex founder charged with offering unregistered securities offering

Next Post

BALD price nosedives 90% as deployer removes ETH liquidity

WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

May 10, 2025
China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

May 10, 2025
Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

May 10, 2025
Optimizing Human Health On Earth And In Space – Texas A&M Today

Optimizing Human Health On Earth And In Space – Texas A&M Today

May 10, 2025
Rep. Marjorie Taylor Greene says she won’t run for U.S. Senate – NBC News

Marjorie Taylor Greene Declares She’s Not Entering the Senate Race!

May 10, 2025
Harnessing emerging technologies to power a small business – The Oaklandside

Unlocking Success: How Emerging Technologies Can Transform Your Small Business

May 10, 2025
Tucker Timmerman, Ava Bredwell, Nebraska Alumni Association on Sports Nightly: Thurs., May 8, 2025 – huskers.com

Join Tucker Timmerman and Ava Bredwell for an Exciting Evening on Sports Nightly!

May 10, 2025
What’s in your backyard? Public invited to test soil samples for toxics – Department of Ecology – State of Washington (.gov)

Discover What’s Lurking in Your Backyard: Join Us for a Soil Testing Event!

May 10, 2025
Scientists develop next-gen energy storage technologies that enable high power and capacity simultaneously – Tech Xplore

Revolutionary Energy Storage Technologies Set to Transform Power and Capacity!

May 10, 2025
Psychic Medium explores afterlife through science and psychic insight – MSN

Unlocking the Afterlife: A Psychic Medium’s Journey Through Science and Spiritual Insight

May 10, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (596)
  • Economy (608)
  • Entertainment (21,521)
  • General (15,210)
  • Health (9,650)
  • Lifestyle (612)
  • News (22,149)
  • People (610)
  • Politics (615)
  • Science (15,829)
  • Sports (21,118)
  • Technology (15,598)
  • World (598)

Recent News

WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

May 10, 2025
China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

May 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version