Tether, the stablecoin giant, shook the crypto world last Wednesday! Announcing a net profit of $5.2 billion for the first half of the year, it left everyone stunned. Simultaneously, USDT skyrocketed to its highest market value ever.
BDO Italy, the renowned auditor, unveiled astronomical figures. As of June 30, Tether’s companies have accumulated $118.4 billion in assets, while their liabilities have reached $113.1 billion.
But the story doesn’t end there! Tether has invested $97.6 billion in U.S. government bonds, surpassing Germany, the UAE, and Australia. Now standing at 18th in the world, it mocks its competitors.
USDT, Tether’s golden child, wears the crown of stablecoins with a market value of $114 billion. It has left rivals in its dust.
These numbers shout: Tether is not only a powerhouse in the crypto world but now a global financial titan.
