Stablecoin

United

Wednesday

<p>The post <a href="https://coinpedia.org/crypto-live-news/tether-records-5b-net-profits-this-year-its-us-debt-holdings-surpass-germany-uae-australia/" rel="noopener noreferrer nofollow">Tether Records $5B Net Profits This Year, Its US Debt Holdings Surpass Germany, UAE, Australia</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Stablecoin issuer Tether reported Wednesday a record $5.2 billion of net profits in the first half of the year as the market cap of its flagship cryptocurrency (USDT) surged to new all-time highs. The company said it generated $1.3 billion of net operating profits over the second quarter of the year. Its U.S. debt holdings amounted to $97.6 billion, which would rank as the 18th among countries surpassing Germany, the United Arab Emirates, and Australia, the company said.</p>

Tether Records $5B Net Profits This Year, Its US Debt Holdings Surpass Germany, UAE, Australia

CoinPedia News

Other articles published on Aug 1, 2024

Bitcoin Exhibits Price Fluctuations

Pyth could Increase 400% – here’s why

Cardano Just Launched Important Partner Chain Toolkit

Is PePe Moonraker ($PMRK) the Next Crypto Superstar? Presale Offers Groundbreaking Potential

Bitcoin Hash Rate Hits New High, Outflows Decline

Kaspa hits $0.20 ATH, flips MATIC’s market cap: More gains for KAS?

Join our free newsletter for daily crypto updates!