Tether Releases Attestation Report, Records Net Profits In Q3

Quick Summary:

Tether released its attestation report for the third quarter of this year, showing that the stablecoin issuer again recorded a net profit in the last quarter thanks mainly to its exposure to US treasuries and gold.

This continues the company’s hot streak, having recorded net profits in the first and second quarters of the year.

Tether stated that this exceptional growth has further solidified its position as an industry leader alongside their significant investments in strategic projects that align with its mission.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Tether Tether USDT Stablecoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:07:38 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23354930

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