Tether, the world's largest stablecoin issuer, announced a record profit in the first half of 2024: $5.2 billion! 💰
- Tether made $1.3 billion in net operating profit in the second quarter.
- Ownership of US Treasury bonds peaked at $97.6 billion.
- The review by BDO confirmed the accuracy of Tether's financial and reserve reports.
- Tether is the 18th largest holding of U.S. debt and third in holdings of three-month Treasury bills.
CEO Paolo Ardoino: "Tether has once again demonstrated its commitment to transparency and stability."
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