{"id":134622,"date":"2024-07-31T18:53:14","date_gmt":"2024-07-31T15:53:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134622"},"modified":"2024-07-31T18:53:14","modified_gmt":"2024-07-31T15:53:14","slug":"tether-reports-record-profit-for-q2-2024","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-reports-record-profit-for-q2-2024\/","title":{"rendered":"Tether Reports Record Profit for Q2 2024"},"content":{"rendered":"

In Q2, Tether\u2019s<\/a><\/strong> holdings of U.S. Treasuries exceeded<\/a><\/strong> $97.6 billion, setting a new all-time high and positioning it among the top global holders of U.S. debt.<\/p>\n

Despite a drop in Bitcoin prices resulting in an unrealized loss of $653 million, Tether\u2019s Group Equity increased by $520 million, bolstered by gains in gold.<\/p>\n

The company disclosed a consolidated net equity of $11.9 billion and maintains a surplus of $5.3 billion over liabilities. Tether also issued over $8.3 billion in USDt during the quarter and holds $5.3 billion in excess reserves.<\/p>\n