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Tether, the issuer of the leading stablecoin USDT, is one of the most profitable companies in the crypto industry. Tether is also the 18th largest holder of US Treasury bonds, surpassing three significant economies in Q3 2024.
Tether Holdings Limited (BVI), the issuer of the stablecoin USDT, has announced strong Q3 2024 financial results, driven by a combination of investment gains and rising demand for its digital dollar.
Aptos partners with SK Telecom to integrate Tether's USDT into T Wallet, enhancing global access to stablecoins and digital finance.
Tether reported $2.5 billion in Q3 2024 profits, mainly from Treasury yields and gold appreciation, while maintaining over $125 billion in reserves against $119.4 billion in liabilities.
Tether reported several all-time-highs in its third quarter of 2024 report, including the company's total assets, group equity and cumulative profit. According to a Q3 report published on Oct. 31, the stablecoin issuer's net profit reached $2.
Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves.
Tether, the company that manages the USDt stablecoin, has bought 7,100 bitcoin during the third quarter according to a statement.
Stablecoin giant Tether has announced record profits of $2.5 billion for the third quarter of 2024, taking its year-to-date earnings to an astonishing $7.7 billion.
A reserve buffer of over 6 billion dollars and significant strategic investments mark a new era of stability and growth for Tether.
Aptos Foundation has teamed up with SK Telecom to bring Tether's USDT stablecoin to T wallet.
Tether's Q3 2024 report reveals $7.7 billion nine-month profits, $102.5 billion U.S. Treasury holdings, and a $6 billion reserve buffer, highlighting its financial strength.
Tether on Thursday reported $2.5b Q3 net profit, pushing its 2024 earnings to $7.7b and USDT circulation to nearly $120b. The post Tether Reports Strong Q3 with $2.5B Profit, US Treasury Holdings Top $100B appeared first on Cryptonews.
Tether reported substantial profits in Q3 2024, with a net profit of $2.5 billion.
Tether has posted a record-breaking $2.5 billion in profits for the third quarter of 2024, boosting its consolidated earnings this year to $7.7 billion.
Tether Limited reported $2.5 billion in net profit for the third quarter. bringing its year-to-date gains to a record-breaking $7.7 billion.
Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion. The firm's strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit.
Tether released its attestation report for the third quarter of this year, showing that the stablecoin issuer again recorded a net profit in the last quarter thanks mainly to its exposure to US treasuries and gold. This continues the company's hot streak, having recorded net profits in the first and second quarters of the year.
In its latest attestation report, Tether said it had registered $7.7 billion in profit through the first nine months of 2024.
Tether's consolidated profit in 2024 has reached $7.7 billion, with $14.2 billion in equity and total assets of $134.4 billion.
Tether, the leading stablecoin issuer, recorded a net profit of $2.5 billion in the third quarter of 2024, according to the recently released attestation report prepared by accounting firm BDO.
The company's flagship stablecoin USDT is the third-largest cryptocurrency with a $120 billion market capitalization.
Tethers USDT hits record $120B in circulation as it grows Bitcoin and gold reserves. The post Tether increases Bitcoin and gold reserves in latest Q3 report appeared first on Crypto Briefing.
If you need to sell Tether USDT for Euro cash in Marbella, Spain, use the usual electronic exchange mode. Such services can have several significant translations: These advantages will work with online exchangers, making them the best choice for more customers.
A South American nation is paving its way to becoming a leader in cryptocurrency adoption. Bolivia, known for its rich cultural heritage, is making strides in the digital currency space as one of its prominent banks, Banco Bisa, has launched a custody service for Tether's stablecoin, USDT.
