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Tether Explosive Data Released: Net Profit Surpasses $1 Billion This Year 🔥
Stablecoin giant Tether has just released its Q3 report, dropping a slew of impressive numbers:
💰 Net profit this year: Over $1 billion
💵 USDT market cap: $174 billion (all-time high)
📊 Excess reserves: $6.8 billion
🏛 US Treasury holdings: $135 billion (17th largest holder globally)
🪙 Bitcoin holdings: $9.9 billion
⭐ Gold reserves: $12.9 billion
CEO Ardoino stated bluntly: "Our Treasury exposure has hit a record high, positioning us as a major player in the US bond market."
But there’s more—Tether is launching a stock buyback program with a financing target of $2 billion, attracting interest from Ark Invest and SoftBank. They're also seeking an investment fund license in El Salvador, and plan to launch the new USAT stablecoin aimed at the US market in December.
USDT supply increased by $17 billion in Q3 alone—the stablecoin game is getting hotter than ever.