Tether just announced a record profit of $5.2 billion in the first half of 2024 and owns an unprecedented amount of US government bonds, worth $97.6 billion! 📈

- Total USDT market capitalization reached $114 billion, nearly equal to Tether's reserves of $118 billion.

- Tether is currently ranked 3rd in buying 3-month US bonds, only behind the UK and the Cayman Islands.

- CEO Paolo Ardoino revealed that Tether is investing in sustainable energy, Bitcoin mining, AI, and many other fields.

Stablecoins like USDT and USDC are booming thanks to the demand for fast and secure cross-border payments. It is forecasted that the tokenized bond market will reach $3 billion by the end of 2024!

What do you think about the future of stablecoins and the crypto market? Share your opinion! 💬#Crypto#Blockchain#Finance#Tether