USDT issuer Tether has as much as $1.7B in extra reserves, CTO says

Cryptocurrency agency — the issuer of stablecoin, Tether (USDT) — expects to make a $700 million revenue within the first quarter of 2023, matching the income of the final quarter of 2022, Tether chief expertise officer Paolo Ardoino instructed Cointelegraph at Paris Blockchain Week 2023.

“I don’t have the ultimate figures but, however the revenue of this quarter will most likely match the final quarter of 2022,” Ardoino mentioned, including that in This fall 2022, Tether generated $700 million of income. He added that Tether additionally has an “addition to that $950 million” on Dec. 31, 2022, noting:

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