Odaily Planet Daily News 📈 Tether released its second quarter financial report for 2024, with remarkable results! Data shows that Tether's profits in the first half of 2024 hit a record high, reaching a staggering $5.2 billion, and its net operating profit also reached $1.3 billion, which is Tether's best performance ever. 💰
Not only that, Tether's U.S. Treasury holdings also exceeded $97.6 billion, breaking the historical record again. These data show that Tether's position in the stablecoin market is becoming more and more solid. 📊
The financial report also shows that the total reserves of Tether tokens in circulation are $118.4 billion, while the company's total liabilities are $113.1 billion, of which $112.3 billion are related to issued digital tokens. 🔍
Despite market volatility, Bitcoin remains the focus of our optimism. 🚀