Tether’s profits plunge, but new BTC SPAC promises big payday

Quick Summary:

As of March 31, $143.7B worth of USDT was circulating in the wild, while Tether's total assets totaled $149.3B, giving the company $5.6B in 'equity.'

The post Tether’s profits plunge, but new BTC SPAC promises big payday appeared first on CoinGeek.

Accordingly, the dollar value of stablecoins frozen last year by both Tether and Circle hit $1.3 billion, nearly $1 billion more than frozen in the previous two years.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaArgentinaBrazilEl SalvadorItalyUruguay

Topics: Twenty-One Capital Inc. Ethereum Bitrace SoftBank Group Crypto Crime Cartel US Treasury Bills USDT Strategy Justin Sun Cantor Fitzgerald Circle Cantor Equity Partners Adecoagro Michael Saylor USDC BTC Paolo Ardoino Business Tether Stablecoins Brandon Lutnick Tron Bitfinex BDO Italia Jack Mallers Howard Lutnick

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 12:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 2399 words

Reading Time: 14 minutes read

Sentences: 82 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 28320845

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