Tether CEO: The impact of the decline in Bitcoin prices on Tether's net profitability is relatively small.
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Odaily Odaily News: Paolo Ardoino, CEO of Tether, wrote on the X platform that the decline in Bitcoin prices has little impact on Tether's net profitability. Tether's main goal has always been to create the strongest, most stable and most resilient stablecoin. Management has decided to retain $5.33 billion in excess reserves as part of the stablecoin reserve to further protect USDT's global user base.
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