In its 2023 annual report, Tether (CRYPTO: USDT) disclosed $6.2 billion in profits. CEO Paolo Ardoino emphasized the importance of the industry shifting toward blockchain solutions with real-world applications. What Happened: In a recent podcast with “The Wolf Of All Streets,” Ardoino said Tether maintains 100% reserve-backed tokens, and said his aim is to make profits without risking customer assets and being greedy. He said that Tether holds a $5.2-billion surplus in corporate reserves and countries such as Brazil, Venezuela, Vietnam and Nigeria have significant usage of USDT. Ardoino said h…

Read More