- Tether's profit for 9M. 2024 was already $7.7 bln
- USDT market capitalization was almost $120 bln
- $1.3 billion profit came from treasury bonds
- Another $1.1 bln came from the growth in the value of gold reserves
- At the end of Q3 2024, the value of gold was up 15%
- Tether's total assets already reached $125.5 bln
- Of that, $85.5 billion was in treasury bonds
- Another $5 bln is gold and $4.8 bln is bitcoins
- Total liabilities of the company amounted to $119.4 bln
Digital
6
2
0
Share
Comments
Recommended
Stephanie Turner
14 subscribers
7 months ago
Subscribe
Visa has introduced hundreds of AI use cases and has no plans to stop
- Visa utilizes 500+ applications powered by generative AI
- The company intends to capitalize on the benefits of the technology
- Visa is restructuring its international business
- The company will lay off 1.4k people, of which 1k will be IT roles
- Visa assures that it is not trying to replace people with AI.
- AI should improve productivity, safety, etc.
- For example, an AI tool helps find err
Show more
Digital
4
1
0
Share
Stephanie Turner
14 subscribers
7 months ago
Subscribe
Shopify poaches Salesforce customers, fueling rivalry in e-commerce marketplace
- Shopify has already poached hundreds of Salesforce customers
- Among them, for example, Mattel, Toys R Us, Casper, etc.
- Its advantage has been lower prices, etc.
- It promises customers 50% savings over three years
- Shopify offers more services for e-commerce
- For many years, Shopify and Salesforce existed peacefully
- Eight years ago, Salesforce acquired Demandware
- For $2.8 billion, it pa