Down or Uptrend, Tether is also doing very well

This is the Q2/2024 report that Tether just published:

- Net profit: $1.3 billion, bringing total profit since the beginning of the year to a record $5.2 billion

- Most profits come from US bonds and the price increase of Gold & Bitcoin (Mainly in Q1)

- The company holds $118 billion in assets to guarantee 112.4 billion USDT issued to the market. In Q2 alone, Tether printed an additional 8.3 billion USDT

- Of $118 billion in assets include: $80.9 billion in US bonds, $3.8 billion in Gold, $4.7 billion in Bitcoin and $28.6 billion in other assets

The above amount of assets does not include investments in clean energy, Bitcoin mining, AI, telecommunications and education,...