According to the latest reports, Tether expects more than $1 billion in total revenue from USDT in Q1. It also anticipates a $700 million profit for the quarter.
Tether also increased USDT supply in Q1 and continues to increase it further, according to recent data. There was roughly $77.6.14 billion worth of the stablecoin in circulation on Thursday according to the latest Glassnode data.
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