TechFlow news — Tether's Chief Technology Officer Paolo Ardoino stated on Twitter today that the company's profits for the first quarter of this year have exceeded $700 million.
Previously, on March 24, Ardoino projected that the quarter would see an increase of $700 million in excess reserves, bringing Tether's total excess reserves to $1.66 billion, marking the first time Tether's excess reserves surpass the $1 billion threshold.
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