Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
CoinTelegraph·
60-second summary
Tether's reserve surplus grows to $4.11 billion in Q2 as USDT supply increases, fueled by US Treasury holdings that yield $1.5 billion in profits. Despite a weaker stablecoin market and pressure across the crypto sector, Tether's strong financials suggest resilience in the face of market volatility, potentially benefiting the broader cryptocurrency ecosystem as a trusted store of value.
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector.