Tether CEO: Bitcoin price decline has little impact on Tether's net profitability

Odaily News Paolo Ardoino, CEO of Tether, posted on the X platform that the decline in Bitcoin prices has little impact on Tether's net profitability. Tether's main goal has always been to create the strongest, most stable and most resilient stablecoin, and management has decided to retain $5.33 billion in excess reserves as part of the stablecoin reserve to further protect USDT's global user base.