Tether reports “record” net profit of $5.2B in H1 2024, net operating profit of $1.3B in Q2, and US debt holdings of $97.6B, more than countries like Germany (Krisztian Sandor/CoinDesk)

Krisztian Sandor / CoinDesk:
Tether reports “record” net profit of $5.2B in H1 2024, net operating profit of $1.3B in Q2, and US debt holdings of $97.6B, more than countries like Germany  —  The company said its $97 billion exposure to U.S. Treasuries would put it 18th in the ranking among countries.