According to the Q1 attestation signed by financial services firm BDO Italia, Tether held about $2.44 billion in excess reserves of the $79.4 billion Tether-issued tokens in circulation as of March 31. That surplus was at an all-time high, Paolo Ardoino, chief technology officer of Tether, said in the announcement.
USDT Stablecoin Issuer Tether Reveals Bitcoin, Gold Reserves, Reports Q1 $1.48B Profit
