🔥#Tether Holdings Limited has just released its audit report for the second quarter of 2024. This report shows:
The company achieved a record net profit of $5.2 billion in the first half of 2024.
In Q2 2024, Tether recorded a net operating profit of $1.3 billion.
Tether is holding a large amount of US government bonds, with a total value of up to 97.6 billion USD.
With this number of bonds, Tether ranks 18th in the list of organizations and countries holding the most US government bonds worldwide.
PS: Tether is still an effective inflation export channel for the US, so the US will "support" this stable coin, maybe it will "lose peg" but it is very difficult to completely ban it or completely ban it!
