BNB$660.61-0.41%BRENT$93.43-0.37%BTC$74,627-0.45%COPPER$6.52+1.00%DJI$52,759-1.32%DOGE$0.0820-1.30%DXY98.73-0.17%ETH$2,350-0.38%GOLD$4,531+0.33%NDX$29,213-0.72%SILVER$68.78+1.03%SOL$89.37+0.00%SPX$7,641-0.87%US10Y4.70+0.92%VIX16.01+7.52%BNB$660.61-0.41%BRENT$93.43-0.37%BTC$74,627-0.45%COPPER$6.52+1.00%DJI$52,759-1.32%DOGE$0.0820-1.30%DXY98.73-0.17%ETH$2,350-0.38%GOLD$4,531+0.33%NDX$29,213-0.72%SILVER$68.78+1.03%SOL$89.37+0.00%SPX$7,641-0.87%US10Y4.70+0.92%VIX16.01+7.52%
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Tether Reports $1.5 Billion Profit Amid Reserve Changes

Key takeaways

  • Tether announced a $1.5 billion operating profit for Q2, while its reserve buffer decreased significantly, adding gold and bitcoin to its holdings.
#Tether#stablecoin#financial results

Analysis

Tether announced a $1.5 billion operating profit for Q2, while its reserve buffer decreased significantly, adding gold and bitcoin to its holdings.

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