Tether Q2 Financial Report: Profit Reaches 5.2 Billion USD in the First Half, Marking the Best Performance to Date

ChainCatcher news, Tether released its Q2 2024 financial report, showing that its profits for the first half of 2024 reached a record high of $5.2 billion, with net operating profit reaching $1.3 billion, marking Tether's best performance ever. Additionally, Tether's holdings of U.S. Treasury bonds exceeded $97.6 billion, also setting a new record.

The total reserve of Tether tokens in circulation amounts to $118,436,336,293, while the total liabilities of the company issuing Tether tokens stand at $113,101,998,938, of which $112,395,445,973 is related to the issued digital tokens.