Tether, the cryptocurrency firm that issues the popular USDT stablecoin, has announced it has around $1.6 billion in excess reserves to back the digital currency. The company’s technology chief, Paolo Ardoino, revealed the latest figures to CNBC, indicating that Tether is on track to make a profit of $700 million in the first quarter of The post Tether’s Excess Reserves and Projected Profits Offer Reassurance appeared first on Coin Edition .
