Tether, Issuer of USDT, Reports 30% Drop in Profits
USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…