Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap

 The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation. The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.