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News Explorer — Tether Reports 'Record' Profit in Q2, Unchanged Bitcoin Holdings

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Jul 31, 5:58 pm
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Tether Reports 'Record' Profit in Q2, Unchanged Bitcoin Holdings

Tether Holdings Limited, the company behind USDT, reported a record profit of $5.2 billion for H1 2024. The attestation report, provided by BDO, shows Tether's reserves at $118.4 billion and liabilities at $113.1 billion. Despite questions about its Bitcoin holdings, Tether's financial performance has surprised skeptics.

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