Tether CEO: Bitcoin price decline has little impact on Tether's net profitability
Tether CEO Paolo Ardoino posted on the X platform stating that the decline in Bitcoin prices has a relatively small impact on Tether's net profitability. Tether's main goal has always been to create the strongest, most stable, and most flexible stablecoin, and management has decided to retain $5.33 billion in excess reserves as part of the stablecoin reserve to further protect the global user base of USDT.
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