Tether CTO: The company's profits in the first quarter have exceeded 700 million dollars

ChainCatcher news, Tether Chief Technology Officer Paolo Ardoino stated on Twitter that the company's profits for the first quarter of this year have exceeded $700 million.

Previously, on March 24, [Paolo Ardoino](https://www.rootdata.com/zh/member/detail/Paolo Ardoino?k=MTI0Njc=) had anticipated that the excess reserves for the quarter would increase by $700 million, bringing Tether's excess reserves to $1.66 billion, marking the first time Tether's excess reserves have surpassed $1 billion. (Source link)