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Tether released its audited report for the second quarter of 2024. For the first half of the year, record net income of $5.2 billion and Q2 net operating income of $1.3 billion

Tether Holdings Limited has published its Q2 2024 audited report for the second quarter of 2024, audited by audit firm BDO.

Highlights:

Record net income: $5.2 billion for the first half of 2024.
Significant growth in investments in US Treasury bonds: over $97.6 billion, placing Tether as the 18th largest holder of US debt.
Group capital increase of $520 million despite cryptocurrency price fluctuations.
The Group's total capital reached $11.9 billion.
Issuance of over $8.3 billion USDt in the second quarter.
Reserves for Tether tokens exceed liabilities by $5.3bn.
Tether's CEO, Paolo Ardoino, emphasized the company's commitment to transparency and stability, as well as its leadership position in the stablecoin industry.