Just-In: USDT Issuer Tether Reports $5.2 Bln Profit

As a seasoned crypto investor with a knack for spotting trends and understanding market dynamics, I must say that Tether’s latest financial report has left me quite impressed. Having navigated through numerous market fluctuations and witnessed the rise and fall of various digital assets, it’s refreshing to see a stablecoin player like Tether thrive amidst uncertainty.


Tether Holdings Limited, the company behind the USDT stablecoin, has made public their audit report for the second quarter (Q2) of this year. Not only did they continue to lead during this period, but they also announced a substantial increase in their profit margins. In fact, their profits reached an unprecedented $5.2 billion in the first half of the year – a figure never seen before by the company.

The Tether (USDT) Milestone

As an analyst, I can confidently say that Tether continues to lead as the pioneer and most widely adopted stablecoin within the market. Not only does it boast significant earnings, but it also claimed the title of the largest holder of U.S. Treasury Bills during the recent quarter. It’s important to mention that an assurance attestation was carried out by BDO, a renowned global independent accounting firm. This endorsement from BDO has significantly bolstered Tether’s credibility and trustworthiness in terms of its financial records.

In a period where interest rate policies are unpredictable, Tether has demonstrated its resilient business model to preserve its profitability.

This is a breaking story, please check back for updates!!!

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2024-07-31 19:29