Tether's USDT Token Rides Stablecoin Dominance to $1.5 Billion Quarterly Earnings

Tether's USDT token reported $1.5 billion in quarterly earnings as its dominance within the stablecoin market continued.

According to MoneyCheck, the firm's revenue came primarily from Treasury securities and repurchase agreements, which yielded consistent returns due to elevated interest rates.

The outstanding supply of USDT tokens increased to $184.6 billion, even as broader cryptocurrency markets faced headwinds during the same period.

Tether maintained a reserve surplus of $4.11 billion, with assets substantially outpacing liabilities.