Tether Reports $1.5B Q2 Profit
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Insights by Echo AI
Tether reported a net operating profit of $1.5 billion in the second quarter, driven by U.S. Treasury and repo income. The company held $187.75 billion in assets against $183.64 billion in liabilities, maintaining a $4.11 billion reserve buffer. Tether reduced secured lending by $2.38 billion and added 14 tons of physical gold, bringing total gold holdings to over 146 tons. USDT issuance stood at about $184.6 billion.
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