Tether Surges to $1.5B Quarterly Profit Amid Stablecoin Market Decline
Tether's second-quarter profit surged to $1.5 billion despite a decline in the overall stablecoin market.
The company reported USDT supply grew to approximately $184.6 billion, an increase of $446 million from the first quarter.
Treasury bills and repos remained the main reserve assets for Tether, accounting for over 70% of its reserves.