Tether Bags $4.9B in Q2 Profit as USDT Supply Jumps $20B
TLDR: Tether earns $4.9B in Q2 profit, fueled by core earnings and Bitcoin and gold gains. USDT supply rises by $20B year-to-date, showing surging demand for stablecoin liquidity worldwide. Tether now holds $127B in U.S. Treasuries, ranking among the top global holders of government debt. CEO Paolo Ardoino cites strong reserves and rapid adoption as […]
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