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Stephanie Turner
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8 months ago
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Tether's net income for Q3 2024 was $2.5 billion
- 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
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