Tether (USDT) announced a net profit of $5.2 billion in the first half of 2024. 💰

- He made huge profits from US Treasury bonds and reserves.

- Invested in Bitcoin mining and artificial intelligence data centers.

- However, the lack of full reserve control is still a matter of debate.

- Regulations in Europe and the USA make the future of Tether uncertain.

Rivals are on the scene, Tether's dominance is in danger!