Tether earning a record $5.2 billion in 2024

According to a June 30 report:

- Profit for the first half of 2024 was $5.2 billion.

- The company's reserves, which ensure the USDT 1:1 peg to the U.S. dollar, amounted to $118.4 bln.

- The actual supply of USDT amounted to $112.4 bln, while the company's liabilities amounted to $113.1 bln.

- The company's consolidated capital amounted to $12 billion.

Tether said that the company ranked 18th in the ranking of countries holding US government bonds, and ranked third in purchases of three-month US Treasuries after the UK and the Cayman Islands, will take the top spot next year if the trend continues.