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Tether Reports Record Net Profit and Significant U.S. Treasury Holdings | Flash News Detail | Blockchain.News
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8/4/2024 6:53:03 AM

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

Paolo Ardoino

@paoloardoino

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