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Crypto

Tether Is Earning Record Shattering Profits

August 1, 2024
•
x min read

Tether is growing at an unstoppable pace. And so are their profits.

‍What’s happening:‍

  • Tether, the parent company behind the world’s largest stablecoin USDT, has announced profits for the first half of the year totalling more than $5B USD

By the numbers:‍

  • Tether currently owns $97.6B USD of United States Treasury Bills which are earning interest payments
  • Tether is the 18th largest holder of United States Treasury Bills globally, having more exposure to United States Treasury Bills than countries such as Germany, Australia and the United Arab Emirates

Going deeper:‍

The intrigue:‍

‍

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