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missjulie.verse

08/02 10:06

Tether achieves record profit again

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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