USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Tether expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022, Tether CTO Paolo Ardoino told Cointelegraph.
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### Instruction: USDT issuer Tether has up to $1.7B in excess reserves, CTO says

### Response: Tether expects to make a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022, Tether CTO Paolo Ardoino told Cointelegraph.