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.