Tether Posts a Record $2.5 Billion Profit in Q3 as USDT Demand Soars

Tether has posted a record-breaking $2.5 billion in profits for the third quarter of 2024, boosting its consolidated earnings this year to $7.7 billion.  According to a report released on Thursday, the stablecoin issuer’s total assets reached $134.4 billion in Q3.  Tether is Dominating the Stablecoin Market by a Large Margin The circulating value of Tether’s USDT token has grown close to $120... source: https://beincrypto.com/tether-reports-record-profits-in-q3/