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MAY WINNERS - Tether



It actually released some public info about what backs USDT - Tether said it held $2.44B in reserves at the end of Q1. Not too shabby.

Plus, it said it made $1.5B in net profits in Q1 - and it’ll start spending some of its future profits on BTC. 🪙

So what? You should be watching Tether this year.

It’s the king of the stablecoin kingdom right now since its biggest rivals were toppled from their throne:

Circle’s USDC depegged from the U.S. dollar

$USDT$’s supply dominance has risen 13% since ~January. Someone’s poppin’ that good bubbly this year.
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