Tether made a profit of 700 million dollars in the fourth quarter of last year, with total assets exceeding 67 billion dollars

According to ChainCatcher news, Tether, the issuer of USDT, reported in its latest proof report that it made a profit of $700 million in the fourth quarter of 2022. In addition to a reduction in committed secured loans, as of the end of 2022, commercial paper was zero, with total consolidated assets of at least $67 billion and excess reserves of at least $960 million.

Furthermore, Tether's reserves decreased by $300 million in the fourth quarter, and the proportion of its assets allocated in U.S. Treasury bills increased to 58%, the highest level ever. (source link)