$5.2 Billion: Tether Reports Record Profit as Bitcoin Holdings Soar to 80,000 BTC

Leading stablecoin issuer Tether, the company behind the USDT token, has announced record-breaking profits of $5.2 billion for the first half of 2024 while also revealing a significantly expanded portfolio of U.S. government bonds, now valued at an estimated $97.6 billion. According to a recent announcement, Tether’s ownership of U.S. Treasuries is now at an […]