Tether's profits last year surpassed BlackRock
ChainCatcher news, according to Coinpost, the stablecoin issuer Tether revealed in its Q2 2024 financial report that the company's net profit reached a record high of $5.2 billion in the first half of this year. In Q2 2024 (April-June), the company achieved a net profit of $1.3 billion, setting a new historical record.
Tether's revenue for 2023 was $6.2 billion, surpassing the $5.5 billion revenue of major global investment firm BlackRock in the same year. BlackRock has 20,000 employees, while Tether has 100 employees, indicating that Tether's employee profitability is extremely high.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.