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Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days
By Gino Matos at 2026-10-09 06:15
Sentiment: Positive
Tether's second-quarter materials report $1.5 billion in net operating profit, earned mainly from Treasuries and repo activity. However, the attached reserve report shows a negative $3.17 billion first-half financial result, and the company's materials do not reconcile the two figures. Subtracting the first quarter's positive $1.04 billion financial result from that first-half figure implies a […] The post Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days appeared first on CryptoSlate. Continue reading...
Categories: Debt
Tags: #Debt #Featured #Stablecoins
Source CryptoSlate