My summary Tether's Q1/2024 attestation. Another great quarter!
As of 31st March 2024:
- $4.52 Billion Profit for Q1/2024. ~1 billion in net operating profits, primarily derived from US T-Bills. The remainder derived from mark-to-market gains in Bitcoin and Gold positions.
- more than $90 Billion in US T-bills (direct + indirect ownership).
- $6.2 Billion in excess reserves ($1 Billion increase from previous quarter)
Today Tether also provides a summary of its wider Group position (as of 31st March 2024):
- total Tether Group Equity of $11.37 Billion
- ~$5.1 Billion in Tether Investments and other Group's entities
Tether once again demonstrates its commitment to transparency, openness and conservative risk management, maintaining a large amount in excess reserves and providing disclosures for the Group.
Introducing Ore – A digital currency you can mine from anywhere, at home or on your phone.
Ore is a new mineable token launching today on the Solana blockchain. It uses a novel proof-of-work algorithm to guarantee casual miners can never be starved out from earning rewards.
Primitives on @base going off
The floor is lava 🔥🧹
Now up 142x from mint and 6.5x from this post a half day ago
Primitives have become the top NFT collection on base overnight following a successful launch
$AERO up 20x in two months since $COIN listing announcement
This has been the best $COIN listing play
The #1 protocol on Coinbase's very own chain @base with @cbventures market acquiring themselves
@aerodromefi is the central onchain economy marketplace
we go way higher✈️✈️