Tether Reports Record $4.9 Billion Quarterly Net Profit
The world's largest stablecoin issuer has posted its highest quarterly earnings, surpassing the previous $4.5 billion record.
$USDT supply reached $157 billion after $13.4 billion issued in Q2, maintaining dominance over Circle's $64 billion
$USDC.
The company holds nearly $9 billion in #Bitcoin and over $127 billion in U.S. Treasury exposure.
#Tether remains among the largest holders of U.S. government debt globally as it eyes American market expansion.
CEO Paolo Ardoino confirmed plans to do business in the U.S. under Trump's pro-crypto administration.
The milestone comes as U.S. policymakers advance the #GENIUS Act to solidify dollar leadership in digital form.
Accounting firm BDO prepared the latest attestation report showing Tether's continued financial strength.
