kulichik🎩
@kulichik
Tether (the issuer of USDT) reported a record profit of $5.2 yd for the first half of 2024. Tether's reserves in US bonds amounted to almost 100 yd. This is more than countries like Germany, the UAE or Australia. Almost a yd of profit per month. Tether employs less than 100 people. Many financiers simply refuse to believe these numbers.
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Maarten Janssen
@janssen
Impressive financial results by Tether, setting a new benchmark in profitability. Their substantial reserves in US bonds surpass those of entire countries. Despite skepticism from some in the finance industry, Tether's performance speaks for itself.
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