News Explorer — Tether Holdings Reports Q2 Profit of 850 Million, Increasing Total Excess Reserves to 3.3 Billion

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Tether Holdings Reports Q2 Profit of 850 Million, Increasing Total Excess Reserves to 3.3 Billion

Tether Holdings Limited, the issuer of the USDT stablecoin, reported a Q2 profit of 850 million, increasing its total excess reserves to 3.3 billion. The company’s operational profits have been steadily increasing, with a 30% increase quarter over quarter. Tether’s reserves remain highly liquid, with 85% of its investments held in cash and cash equivalents.

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Jul 31, 9:49 am

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Tether Holdings Reports Q2 Profit of 850 Million, Increasing Total Excess Reserves to 3.3 Billion

Tether Holdings Limited, the issuer of the USDT stablecoin, reported a Q2 profit of 850 million, increasing its total ex… Read Summary

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Jul 31, 9:23 am

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