🔥 Tether Posts Strong Q2 Profit as USDT Supply Expands
What happened: Tether reported $1.5B in Q2 net operating profit, driven largely by its holdings of U.S. Treasuries and repurchase agreements. Meanwhile, USDT supply grew by $4.46B during the quarter.
Market impact: The strong earnings and supply expansion could boost confidence in the stablecoin sector, while reinforcing USDT’s role in crypto liquidity, trading, and on-chain settlement.
What happened: Tether reported $1.5B in Q2 net operating profit, driven largely by its holdings of U.S. Treasuries and repurchase agreements. Meanwhile, USDT supply grew by $4.46B during the quarter.
Market impact: The strong earnings and supply expansion could boost confidence in the stablecoin sector, while reinforcing USDT’s role in crypto liquidity, trading, and on-chain settlement.