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Tether Reports $1.5 Billion Profit, Discloses Bitcoin Holdings

Tether Holdings, the company behind the world’s largest stablecoin, reported a first-quarter net profit of $1.5 billion, more than double [what it earned in the previous quarter](https://www.wsj.com/livecoverage/stock-market-news-today-02-09-2023/card/tet

Tether Holdings, the company behind the world’s largest stablecoin, reported a first-quarter net profit of $1.5 billion, more than double [what it earned in the previous quarter](https://www.wsj.com/livecoverage/stock-market-news-today-02-09-2023/card/tether-reports-700m-profit-URapodLESiwcQgdtJ6pn). Tether's report was part of its latest attestation, conducted by accounting firm BDO Italia. Unlike a full audit, an attestation only captures a company’s financials at a point in time.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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