Tether Reports Record $5.2 Billion Profits in H1 2024

Tether, the issuer of the widely-used stablecoin USDT, announced a significant financial milestone with net profits reaching $1.3 billion in Q2 2024, supplementing the $4.5 billion achieved in Q1. This culminates in a record-setting $5.2 billion profit for the first half of the year. The company's quarterly attestation, conducted by the independent accounting firm BDO, attribu...

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