Tether Reports $2.5 Billion Profit
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Tether CEOCoinGape
•Tether Releases Attestation Report, Records Net Profits In Q3
72% Informative
Stablecoin issuer Tether recorded a group net profit of $2.5 billion in the third quarter of this year .
The stablecoin issuer made $1.3 billion in profits from exposure to US treasuries and gold.
Tether CEO Paolo Ardoino revealed 330 million on-chain wallets and accounts have received USDT .
This represents a 30% growth in the coins issued in 2024 year -to-date.
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