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Tether Profits Surge Amid Crypto Slump | Bitcoin and Crypto News
Description
Tether just smashed Q2 earnings with a $1.5 billion net profit, fueled by juicy interest from its massive U.S. Treasury holdings — proving that even as crypto cools, Tether’s conservative strategy is thriving. Their reserve surplus hit $4.11 billion, assets far outpacing liabilities, while USDT supply surged 446 million, locking in over 60% market dominance. With rates high and risk low, Tether’s Treasury play isn’t just safe — it’s wildly profitable.
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