Tether Holdings, the largest stablecoin issuer globally, is poised to close 2024 with over $10 billion in net profits, according to CEO Paolo Ardoino. These profits stem from strategic investments in the U.S. Treasuries, gold, and other securities backing stablecoins like USDT. This year, Tether’s market valuation surged by $50 billion, reaching nearly $140 billion. […]
The post Tether $10B...
source: https://www.thecoinrepublic.com/2024/12/29/tether-10b-profit-sparks-stablecoin-gold-rush-among-global-banks/