ICYMI: Tether reports $850 million net profit for second quarter in latest attestation report
disclosed
its indirect exposure to U.S. Treasuries and its exposure to the U.S. Treasuries that are collateralizing its overnight repo for the first time. By aggregating them together, the amount of Treasuries backing Tether’s stablecoins is about $72.5 billion, the company said.Tether has also disclosed a share buyback worth $115 million and other investments in energy-related initiatives financed from the profits of the second quarter.
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