TETHER POSTS $1B Q1 PROFIT AMID SURGING USDT DEMAND
Tether reported $1 billion in net profit for Q1 2025, according to @Cointelegraph. The stablecoin issuer credited the gains to rising interest income from U.S. Treasuries and growing global demand for USDT. It’s the latest signal of stablecoin strength as crypto capital flows rebound.
Source: @Cointelegraph
TETHER CONFIRMS FULL GOLD BACKING FOR XAUT TOKENS
Tether’s Q1 2025 attestation, verified by BDO Italia, confirms that more than 7.7 tons of gold back every XAUT token 1:1.
The audit verifies 246,524.33 ounces of gold reserves, fully compliant with regulatory standards. Tether Gold’s market cap now stands at $770 million, with reserves stored in Switzerland.
Source: @BTCTN
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