Latest Update
2024-08-03 22:53 UTC

Tether Reports Record Net Profit and Significant U.S. Treasury Holdings

Tether Reports Record Net Profit and Significant U.S. Treasury Holdings

According to Paolo Ardoino, Tether achieved a record net profit of $5.2 billion in the first half of the year. Additionally, Tether's reserves in U.S. Treasury securities amount to $97.6 billion, indicating strong financial backing.

Source

Analysis

Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,