Tether's report for the second quarter of 2024 has been published.
Another great quarter.

A brief summary as of June 30, 2024:

$1.3 billion in net operating income.
A $520 million increase in Tether group equity, bringing the total to $11.9 billion.
$5.33 billion in excess reserves
Over $97.5 billion in U.S. Treasuries (direct + indirect exposure), an increase of about $7 billion from the previous quarter, a new all-time high. This achievement puts Tether's exposure to Treasuries higher than that of Germany, the United Arab Emirates, and Australia. While China and other countries have recently been net sellers of U.S. Treasuries, Tether ranked 18th in the ranking of countries holding U.S. debt