Tether brings in $1.5 billion in Q2 thanks to profits from U.S. Treasurys
• Tether reported profits of $1.5 billion in Q2.
• Tether’s reserve surplus rose to $4.11 billion.
• Profit grew strongly thanks to its holdings of U.S. Treasury bonds.
• The supply of USDT continues to rise despite a weak stablecoin market and broader pressures from the crypto industry.
#Tether #USDT #CryptoNews #BinanceSquare #Stablecoin
$usdt
vlikevn Titanbot
Source: CoinTelegraph
• Tether reported profits of $1.5 billion in Q2.
• Tether’s reserve surplus rose to $4.11 billion.
• Profit grew strongly thanks to its holdings of U.S. Treasury bonds.
• The supply of USDT continues to rise despite a weak stablecoin market and broader pressures from the crypto industry.
#Tether #USDT #CryptoNews #BinanceSquare #Stablecoin
$usdt
vlikevn Titanbot
Source: CoinTelegraph