2024

Equity

Billion

Coin

<ul class="news-points"> 
 <li><strong>Tether has reported a record-breaking return for Q1 2024.</strong></li> 
 <li><strong>The firm noted that its net profit hit a record high of $4.52 billion in Q1 2024.</strong></li> 
 <li><strong>Tether also recorded a total group equity of $11.37 billion.</strong></li> 
</ul> 
<p>Tether, the world’s leading stablecoin issuer, has <a href="https://tether.io/news/tether-releases-q1-2024-attestation-reports-record-breaking-4-52-billion-profit-highest-treasury-bill-ownership-percentage-ever-total-group-equity-of-11-37-billion/" target="_blank" rel="nofollow">reported</a> a record-breaking return for Q1 2024. In a recently published Q1 2024 attestation report, the firm noted that its net profit hit a record high of $4.52 billion, with total group equity of $11.37 billion, marking its highest-ever treasury bill ownership percentage.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Tether Releases Q1 2024 Attestation: Reports Record-Breaking $4.52 Billion Profit, Highest Treasury Bill Ownership Percentage Ever, Total Group Equity of $11.37 Billion<br><br>Read More:<a href="https://t.co/lzvEGK6nJS" target="_blank" rel="nofollow">https://t.co/lzvEGK6nJS</a></p>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1785642325353349297?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The released figures reflected Tether Holdings Limited’s significant growth since the beginning of 2024. However, the firm attributed this success to those charged with issuing its stablecoin offering and managing respective reverses. It noted the contribution of $1 billion from this category of participants.</p> 
<p>Furthermore, Tether noted that the bulk of the $1 billion profit earned by those charged with…</p>
<p>The post <a href="https://coinedition.com/tether-sets-new-record-with-4-52-billion/">Tether Sets New Record With $4.52 Billion Net Profit in Q1 2024</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Tether Sets New Record With $4.52 Billion Net Profit in Q1 2024

Coin Edition

2024년 5월 2일에 게재된 다른 기사

Pike Finance Addresses $1.6 Million Theft

Top Crypto Gainers Today May 02 – Telcoin, Axelar, Optimism, Jito

Polkadot SDK’s Humanode (HUM) Emerges as Most Decentralized Blockchain, Surpasses Nakamoto Coeffi...

DeFi protocol Aave launches major update with V4 protocol

BlackRock’s IBIT ETF Faces Its First Ever Outflow Of $36.6M!

3 Trending Crypto To Sell This May

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!