In Q3 alone, #tether earned a net profit of $2.5 billion, pushing total profit since the beginning of the year to a remarkable $7.7 billion. Financial results were verified by audit firm BDO.
Key highlights:
▪️Tether’s total assets reached a record $134.4 billion, with equity at $14.7 billion.
▪️USDT reserves: $125.47 billion, with $102.5 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt globally.
▪️Tether’s reserves also include gold, which brought in a “paper” gain of $1.1 billion in Q3 alone.
▪️USDT issuance reached ~119.4 billion, with $6 billion in reserve surplus.
Tether has also allocated $7.7 billion to Tether Investments, diversifying into renewable energy, Bitcoin mining, #AI , telecommunications, and education.