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Tether nets record $4.52 billion profit in Q1 2024 — majority from Bitcoin and gold

Tether also revealed its net equity for the first time, which stands at $11.37 billion as of March 31. This represents a significant increase from the $7.01 billion worth of equity recorded at the end of December 2023, according to Tether’s attestation report for the first quarter of 2024.

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Source: Cryptocurrency - investing.com

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