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Tether's profits for Q4 2022 stood at $700 million, while consolidated total assets equaled $67 billion.

Tether Holdings, the company behind the flagship USDT stablecoin, recently announced a net profit of over $700 million in the fourth quarter of last year, Bloomberg reports.

Key Points: Tether, the stablecoin issuer, presented its latest attestation report on Thursday, showing a “net profit” of $700 million in the fourth quarter of 2022, which it claims is added to its reserves.

The most prominent stablecoin in the crypto ecosystem, Tether (USDT), has recently revealed its profits worth $700 million during the last phase of 2022.

Stablecoin issuer Tether reported a $700 million profit for the fourth quarter of 2022, according to its latest attestation report published on February 9.

Despite processing $21 billion in redemptions, stablecoin issuer Tether reported that it still generated $700 million in profits last quarter.

Tether Holdings Limited, issuer of the world's largest stablecoin USDT, on Thursday reported a $700 million profit made in the fourth quarter, as per its latest attestation report. The consolidated assets exceed its consolidated liabilities.

As of Dec. 31, 2022, Tether's consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.

Its assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued.

Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022.

More than half of the stablecoin Tether (USDT) is now held on the Tron blockchain.

Although cryptos got off to a stellar start in the new year, a strong jobs report and its implications have pressured the market.

Tether (USDT), the asset-backed cryptocurrency stablecoin, is among the three crypto companies that have pledged 5 million TRY to help Turkey after the earthquake. Joining it, Bitfinex, Keet and Synonym also wish to express their sincere condolences and solidarity to the people of Turkey with this gesture.

The Wall Street Journal reported that four persons owned 86% of Tether Holdings Limited in 2018.

Recent reports revealed that one of Tether's biggest shareholders is a mega-donor to British political candidates.

In 2018, just four people held an 86% stake in Tether Holdings, the company that issues USDT — the most widely traded stablecoin globally.

Tether CTO has rejected WSJ's investigative report calling it a "clown article". The report highlights the massive concentration of USDT control in the hands of a few.

A new report by the Wall Street Journal brought to light some interesting facts and numbers related to the issuer of the world's largest stablecoin.

The largest stablecoin in the crypto industry Tether (USDT) has grown exponentially since its inception in 2014. With approximately 68 billion Tether units in circulation, USDT enjoys a higher daily traded volume than Bitcoin and Ethereum combined. According to our latest crypto price oracles, Tether (USDT) enjoys a daily trading volume of about $40,058,042,121.

A group of four men controlled 86% shares of the largest stablecoin in 2018, according to documents reportedly viewed by the Wall Street Journal (WSJ).

Key Points: Investigation documents seen by the Wall Street Journal showed that as of 2018, four people held 86% of Tether's shares.

New York Attorney General and Commodity Futures Trading Commission probes into Tether in 2021 exposed its previously unknown ownership structure.

Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer.

Stablecoins may have suffered an identity crisis in 2022, but Tether CTO Paolo Ardoino is bullish about the utility the sector provides.