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Tether Reports $2.5B Profit in Q3
Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries
The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.
Stablecoin issuer Tether posts $2.5B profit in Q3, driven by gold, Treasury holdings
Tether Holdings, the company that issues the largest stablecoin USDT (USDT-USD), turned in a net profit of $2.5B in Q3, with unrealized gains from its gold and U.S. Treasury holdings among the main contributors to its bottom line during the quarter,
Tether increases Bitcoin and gold reserves in latest Q3 report
Tether holdings increase in Q3 2024 as Bitcoin and gold investments rise, net equity doubles, and diverse portfolio strategy unfolds.
Tether Hits Record Highs With $2.5B Q3 Profit and $134B in Assets
Tether posts another quarter of record-breaking profits. The stablecoin issuer reported having over $134 billion in assets. In the first nine months of 2024, Tether
Internet of People
21h
Tether CEO: we’re not launching a blockchain as “neutrality is very important” to us
The CEO of Tether has ended rumors about a Tether Chain, stating that it’s “not planning to build an official blockchain at ...
4d
Stablecoin Issuer Tether Says Third-Quarter Profit Was $2.5 Billion
Tether Holdings Ltd., the British Virgin Islands-incorporated operator of the largest stablecoin, said it posted net profit ...
cryptonews
1d
Tether Drops Plan To Build an Official Blockchain As of Now: CEO
Tether is not planning to build an official blockchain at this time, as "neutrality is very important," says CEO Paolo ...
The Daily Hodl
1d
Stablecoin Issuer Tether’s USDT Potentially Seeing Rise in Adoption in Sanctioned Countries: Report
The world's largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations.
The Tech Report
6d
Tether CEO Supports $BTC Strategic Reserve, Says Stablecoin Issuers Are Looking in the Wrong Direction
Tether CEO Paolo Ardoino supports the idea of a $BTC strategic reserve and thinks that stablecoin issuers should focus on the ...
10d
on MSN
Tether blasts report that stablecoin giant is under investigation for money laundering, sanctions violations
The Wall Street Journal reported that the Department of Justice has expanded a years-long probe into Tether, one of the ...
10d
Tether CEO says he sees no indication of US probe
Tether's top executive said on Friday the company has seen no sign it is under investigation, after the Wall Street Journal ...
5d
Could Trump’s World Liberty stablecoin compete with Tether and USDC?
World Liberty Financial, Donald Trump’s crypto venture, aims to launch a US dollar-backed stablecoin, joining Tether and USDC ...
cryptonews
3d
Tether to Launch Its Dirham-Pegged Stablecoin on TON Blockchain
Tether is launching its Dirham-pegged stablecoin on TON Blockchain, according to Alessandro Giori, senior strategic ...
manilatimes
20h
Tether Launches Holiday Gift Guide for Cannabis Retailers Across Ontario
"The Tether team worked hard to curate some great holiday gifting ideas and deliver real brand value and education to our ...
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Bitcoin
USDT
Q3
Stablecoin
Paolo Ardoino
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