Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise

Tether reports a $1.5 billion Q2 profit as USDT supply grows, with a significant increase in gold holdings, now exceeding 146 metric tons. The attestation also reveals the stablecoin's backing assets, including U.S. Treasuries and repo agreements, solidifying Tether's position as the largest stablecoin in the market, boosting investor confidence in the crypto space.