Tether reports a record $2.5 billion profit for Q3 2024, bringing its yearly total to $7.7 billion! This surge reflects the growing demand for stablecoins as USDT circulation hits an all-time high of nearly $120 billion—a 30% increase in 2024 alone. With reserves exceeding $105 billion, Tether is strategically positioned for future growth. CEO Paolo Ardoino emphasizes the importance of maintaining a substantial reserve buffer while exploring new lending opportunities in developing markets. As the stablecoin market evolves, Tether continues to lead the way!

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