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Tether Records Massive Profits and Expands US Treasury Holdings in 2024
Tether, the entity behind the widely used USDT stablecoin, announced an impressive profit of $5.2 billion for the first half of 2024. Alongside its profit surge, Tether has also significantly increased its reserves, now holding a record $97.6 billion in United States government bonds. Read more
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Tether’s USDT Now Accepted for Social Security Payments in the Philippines
Tether has introduced a new payment option for the Philippines people, allowing them to pay their social security system (SSS) contributions using its stablecoin, USDT. Read more
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Tether sees record net profit of over $4.5 billion in first quarter of 2024
Tether’s attestation for the first quarter of 2024 revealed the firm made a net profit of $4.52 billion, saw its highest-ever percentage ownership of Treasury bills and had total net equity exceeding $11.3 billion. Read more
