VeCahin’s [VET] Q2 report findings can help you in your Q4 trades

Layer-one (L1) blockchain, VeChain [VET] released its second quarter financial report on 30 September, indicating a solid status. According to the VeChain Foundation, the firm had over $474.88 million worth of cryptocurrencies in its reserves. The organization noted that this value was only in its Bitcoin [BTC], Ethereum [ETH], and VET holdings. Furthermore, the foundation […]

Furthermore, the foundation also noted other sums in stablecoins. A look at the document showed that the stablecoin reserves were about $60.40 million. This brought the reserves to a total of $535 million.While the value was a 44% decrease of its reserves in the first quarter, VeChain pointed out that it had performed exceptionally well.

“Despite the less-than-favorable market conditions, the VeChain Foundation maintains a strong financial footing with ample financial assets in reserve to support the continued support, development, and upgrading of VeChainThor for many years ahead.”

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