Tether Holdings Limited has published its report for the second quarter of 2024, conducted by the auditing firm BDO. For the first half of 2024, the company achieved a record profit of $5.2 billion. In the second quarter, net operating profit reached $1.3 billion, marking the best result in the company’s history.
Tether also increased its holdings in U.S. Treasury bonds, reaching $97.6 billion, making the company one of the largest holders of U.S. debt. Tether's equity was $11.9 billion as of June 30, 2024. Additionally, over $8.3 billion in USDt was issued in the second quarter.
The company continues to invest in strategic projects, maintaining excess reserves to ensure the stability of the token.
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