š Big news from Tether! The USDT stablecoin manager reported a whopping $5.2 billion profit for H1 2024. With a market cap of $114 billion and a Treasury portfolio worth $97.6 billion, Tetherās financial strength is unmatched. š
Tetherās assets now surpass the reserves of countries like Germany and Australia, thanks to strategic investments in US Treasuries. This positions Tether as a major player in both crypto and global finance. š
Diversifying into AI, Biotech, and Telecom, Tether is not just about profits but also innovation. With a net equity of $11.9 billion, Tetherās future looks bright, especially in the tokenized US Treasury market. šŖ