Tether Reports $2.4B Q3 Profits

Tether (USDT), one of the world’s leading stablecoins, has announced impressive financial results for the third quarter of 2024, reporting $2.4 billion in net profits. These profits are primarily derived from the company’s substantial holdings in U.S. Treasuries and gold, showcasing Tether’s robust asset management strategy and its significant role in the cryptocurrency ecosystem.

Source: Bitcoin World