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excess

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

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

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
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✦ The era of excess savings is over thumbnail

✦ The era of excess savings is over

You’re reading the Quartz Weekend Brief email from January 8, 2022View archiveEnrich your perspective. Embolden your work. Become a Quartz member.Your membership supports our mission to make business better as our team of journalists provide insightful analysis of the global economy and helps you discover new approaches to business. Unlock this story and all of…
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