USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin

AI Summary The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. While most of USDT’s collateral is still comprised of U.S. Treasury bills, the company grew its gold stash by 14 tons of physical gold, with a net revenue of $1.5 billion. Tether Releases Q2 Attestation, Reports $1.5 […] fulltext: 359 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/stablecoins/usdt-issuer-tether-hits-1-5b-q2-profit-hoards-98932-bitcoin/ Source: Bitcoin.com News