Tether Reaches New Milestones with $2.5 Billion Q3 Profit and Record USDT Issuance

TL;DR Tether reports a record-breaking $2.5 billion profit for Q3 2024, bringing its cumulative profit for the year to $7.7 billion, driven by growing demand for stablecoins. The circulating supply of USDT reaches an all-time high of nearly $120 billion, a 30% increase in 2024, underscoring Tether’s dominant position in the stablecoin market. Tether’s robust ... source: https://crypto-economy.com/tether-reaches-new-milestones-with-2-5-billion-q3-profit-and-record-usdt-issuance/