USDT
Tether reports $1.04 billion Q1 profit and record reserves
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Tether, the issuer of the largest stablecoin USDT, announced a first-quarter net profit of $1.04 billion for 2026. The company's excess reserves reached a record $8.23 billion, with total assets nearing $192 billion against liabilities of about $183.5 billion. Reserves include significant holdings in U.S. Treasuries, gold, and bitcoin.
Tether has announced the discontinuation of its CNH₮ stablecoin, pegged to China's offshore yuan, due to low demand and limited adoption. The company will halt new minting immediately and end redemptions in one year. Resources will shift to more widely used stablecoins like USDT.
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MyCryptoFund (MCF) has introduced a new funded trader program that provides skilled cryptocurrency traders with access to capital up to 200,000 USDT and at least 80% of profits. Based in Road Town, British Virgin Islands, the initiative aims to support experienced traders through a structured evaluation process. The program operates entirely within the crypto ecosystem, using USDT for fees and payouts.