2024

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Billion

<ul>
 <li>Tether Holdings Limited achieved a record-breaking $5.2 billion profit in the first half of 2024.</li>  
 <li>Tether holds $97.6 billion in U.S. Treasuries, ranking 18th globally and 3rd in 3-month Treasury purchases.</li>  
 <li>Tether's group equity increased by $520 million in Q2 2024, reaching an impressive $11.9 billion in net equity.</li> 
</ul>  
<p>Tether Holdings Limited has announced a net operating profit of $1.3 billion for the second quarter of 2024. This propels the total profit for the first half of 2024 to $5.2 billion. Notably, Tether's total profits for 2023 were $6.2 billion.&nbsp;</p>  
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<h2 class="wp-block-heading" id="h-global-treasury-holdings-and-equity-growth"><strong>Global Treasury Holdings and Equity Growth</strong></h2>  
<p><a href="https://tether.to/" target="_blank" rel="noopener noreferrer nofollow">Tether</a> has significantly cemented its position in the global market by amassing $97.6 billion in U.S. Treasuries. This elevates its ranking to 18th globally and secures 3rd spot in 3-month Treasury purchases.&nbsp;</p>  
<p>Tether's group equity surged by $520 million in the second quarter of 2024. This occurred despite facing $653 million unrealized loss from BTC price drops. The result is an impressive $11.9 billion in consolidated net equity as of June 30, 2024.</p>  
<h2 class="wp-block-heading" id="h-strategic-reinvestment-and-reserves-management"><strong>Strategic Reinvestment and Reserves Management</strong></h2>  
<p>Tether's profits were <a href="https://cryptonewsland.com/tether-holdings-achieves-record-profits-in-q1-2024/" target="_blank" rel="noopener noreferrer nofollow">strategically reinvested</a> in a number of ventures. This strategy seeks to maintain token stability while also promoting ecosystem expansion. It demonstrates Tether's dedication to maintaining a solid and sustainable financial position. Furthermore, Tether released more than $8.3 billion in USDT in the second quarter of 2024 and Its reserves exceeded liabilities by $5.33 billion.</p>  
<h2 class="wp-block-heading" id="h-commitment-to-technological-advancement-and-responsible-risk-management-nbsp"><strong>Commitment to Technological Advancement and Responsible Risk Management </strong>&nbsp;</h2>  
<p>Tether continues to lead in stability and liquidity with substantial investments in sustainable energy, <a href="https://cryptonewsland.com/tether-to-start-mining-bitcoin-in-uruguay/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin mining</a>, AI neurotech and other cutting-edge technologies. This reaffirms Tether's dedication to technological advancement and responsible risk management.</p>  
<p>Tether's remarkable financial performance in the first half of 2024 not only demonstrates an unwavering commitment to financial stability and transparency but also solidifies its position as a global leader in the financial sector.</p>  
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/nftfi-launches-earn-season-1-promoting-responsible-nft-lending/" rel="noopener noreferrer nofollow">NFTfi Launches Earn Season 1: Promoting Responsible NFT Lending</a></li>  
 <li><a href="https://cryptonewsland.com/tether-holdings-achieves-record-profits-in-q1-2024/" rel="noopener noreferrer nofollow">Tether Holdings Achieves Record Profits in Q1 2024</a></li>  
 <li><a href="https://cryptonewsland.com/tether-scrutiny-will-it-be-the-next-luna-and-ftt/" rel="noopener noreferrer nofollow">Tether Scrutiny: Will It Be the Next LUNA and FTT?</a></li>  
 <li><a href="https://cryptonewsland.com/1-4th-of-all-btc-has-not-moved-in-half-a-decade/" rel="noopener noreferrer nofollow">1/4th of All BTC Has not Moved in Half a Decade</a></li>  
 <li><a href="https://cryptonewsland.com/tether-excess-reserves-surge-to-3-38b-big-win-for-usdt/" rel="noopener noreferrer nofollow">Tether Excess Reserves Surge to $3.38B, Big Win For USDT</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/tether-holdings-limited-achieves-record-breaking-5-2-billion-profit-in-first-half-of-2024/" rel="noopener noreferrer nofollow">Tether Holdings Limited Achieves Record-Breaking $5.2 Billion Profit in First Half of 2024</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tether Holdings Limited Achieves Record-Breaking $5.2 Billion Profit in First Half of 2024

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