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It announced that it had achieved a net profit of 1.04 billion dollars in the first quarter of 2020, raising the reserve to a record level of 8.23 billion dollars, even with the new heart rate fluctuations.
These figures are based on a quarterly report from the BDO accounting firm. This certificate confirms that USD₮ liabilities are approximately 183 billion dollars against the remaining assets of 1.77 dollars, which leaves more than 8.2 billion dollars as surplus capital.
Reserves are held in short-term government securities. بلغ direct and indirect exposure to American Treasury Bonds about 141 billion dollars until March 31.
The company said that this ranking made Tether the seventeenth ranked among American pregnant women around the world.
This situation is also the main driver. With Treasury bond yields rising above 4%, the exposure is worth $141 billion in annual interest, the same dynamic that supported the quarter’s profitability.
The excess reserve of 8.23 billion dollars is considered, on the operational side, as a result of the accumulation of foreign capital.
It will cause a permanent decrease in short-term interest rates.
In addition to American bonds, Tether holds about 20 billion dollars in gold, but it also holds about a dollar in bitcoin (btc). Together, these assets make up about 14% of the reserve base.
The company confirmed that the composition of the assets represents a deliberate hedge against tensions, unlike government bonds, these assets are traded daily and can fluctuate in opposite directions.
I saw bitcoin only Quarterly declines exceeded 30% in previous periods.
The circulating supply of securities amounted to approximately 183 billion dollars during the quarter, with an increase of USD₮ from USD₮ to 5 billion dollars at the beginning of the second quarter, at the same time as the launch of the second quarter securities product, at the same time as the launch of the second quarter securities product self custody.
The undecided question is at the end of the press release. تيثير ان The long-awaited comprehensive review has “officially started” this quarterfor the first time that the company puts the process within the framework of official certification.
ستمر الرقم 8.23 بلیند کرکم کرکم باشاده بشادها, not an accounting review until the end of the work.
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