Digital Money Bank releases first quarter financial report, performance shows significant rise

A certain digital money bank recently announced its financial report for the first quarter of 2023. The data shows that as of March 31, the total user deposits on the platform reached 106 million USDT. In the first quarter, the platform achieved operating income of 1.9742 million USDT and a net profit of 1.2973 million USDT.

Compared to the full-year performance of last year, the platform achieved significant growth in the first quarter of this year. In 2019, the platform's revenue was 2.31 million USDT, with a net profit of 610,000 USDT. The net profit for the first quarter of this year has already reached 2.12 times that of last year, demonstrating a strong growth momentum.

In addition, the platform conducted a buyback and destruction operation for its platform coin on April 10. The relevant destruction records have been publicly displayed on the official website to ensure transparency and credibility.

This financial report reflects the rapid development of the Digital Money industry and the growing trust of users in Digital Money banking services. As the industry continues to mature and the regulatory environment gradually improves, it is expected that more similar fintech platforms will emerge in the future, providing users with diversified Digital Money financial services.