Tether reveals $700m Profits For Q4/2022 In Latest Attestation Reporttether.to/en/tether-continues-to-demonstrate-strength-of-reserves-reveals-dollar700m-profits-for-q42022-in-latest-attestation-report
132 sats \ 3 comments \ @cryptocoin 9 Feb 2023 bitcoin
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25 sats \ 0 replies \ @purpurato 9 Feb 2023
Lol they were supposed to hold one dollar for every shitcoin they issued, now it's not than half treasuries that will be impossible to liquidate at market price when the time comes, it's a time bomb and it will blow all over bitcoin too. I wish Tether's demise would be for this cycle though, let's hope it doesn't get too big.
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0 sats \ 1 reply \ @cryptocoin OP 9 Feb 2023
highlights a $300 million reduction in secured loans,
highest percentage to date of assets allocated in US Treasury Bills, with direct exposure of over 58%.
able to smoothly execute over $21 billion dollars in redemptions during the chaotic events of the year
Here's the Tweet by Tether's CTO that kicked off the Twitter thread where this was shared:
700M Q4/2022 profits for #tether A thread 🧵 $USDt
https://twitter.com/Tether_to/status/1623639533370613761
https://twitter.com/paoloardoino/status/1623644465238798339 [Nitter]
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0 sats \ 0 replies \ @cryptocoin OP 9 Feb 2023
See also another post, found here on SN, where some discrepancies between some "daily" data Tether shares versus what is asserted in this press release.
Tether's shareholder capital cushion is full of contradictions #133831 https://protos.com/tethers-shareholder-capital-cushion-is-full-of-contradictions
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