Tether Profits Soar to Record $5.2B in H1 2024, Equity Nears $12B
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Tether has demonstrated its strong financial health once again, closing the second quarter with net operating profits amounting to $1.3 billion. According to the company's latest report, this brings Tether's total net profit for the first half of the year to $5.2 billion.
In addition to its profits, Tether is also holding Bitcoin worth $4.7 billion and other financial assets, contributing to an equity that is approaching $12 billion. This performance underscores Tether's robust market position and financial stability.
Bron: blockonomi.com ↗
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