The Block (@TheBlockCo): NEW: Tether reported Q2 net operating profit of $1.5B as $USDT supply climbed to $184.6B, extending its stablecoin market share to more than 60%, acco…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- USDT+70Positive
NEW: Tether reported Q2 net operating profit of $1.5B as $USDT supply climbed to $184.6B, extending its stablecoin market share to more than 60%, according to its latest BDO attestation. The issuer said reserves exceeded liabilities by $4.11B at quarter-end, while it cut secured lending exposure by $2.38B and remained one of the world's largest buyers of U.S. Treasuries.