Wu said that he learned that Tether Holdings Limited released an audit report for Q2 2024, which showed that Tether achieved a record net profit of US$5.2 billion in the first half of 2024 and achieved a net operating profit of US$1.3 billion in the quarter. In addition, Tether's U.S. Treasury holdings reached US$97.6 billion, a new high, ranking it 18th among the world's holders of U.S. debt. The Tether Group's consolidated net assets reached US$11.9 billion on June 30. Management said that as of June 30, 2024, Tether tokens had reserves of US$118.436 billion and liabilities of US$113.102 billion.