$5.2 Billion: Tether Reports Record Profit as Bitcoin Holdings Soar to 80,000 BTC

Leading stablecoin issuer Tether, the company behind the USDT token, has announced record-breaking profits of $5.2 billion for the first half of 2024 while also revealing a significantly expanded portfolio of U.S. government bonds, now valued at an estimated $97.6 billion. According to a recent announcement, Tether’s ownership of U.S. Treasuries is now at an […] source: https://www.cryptoglobe.com/latest/2024/08/5-2-billion-tether-reports-record-profit-as-bitcoin-holdings-soar-to-80000-btc/