In first half of the year Tether generates a record $5.2 billion profit
In Q2 2024, Tether's direct and indirect holdings of U.S. Treasury bonds exceeded $97.6 billion, setting a new record.
This positions Tether's exposure to U.S. Treasuries higher than that of Germany, the United Arab Emirates, and Australia, ranking it 18th among countries holding U.S. debt.
Of all the reserves, Bitcoin's share is only 3.99%.
Above you can see the structure of the Tether reserves.
Do you think it makes sense for US regulators to put severe pressure on Tether since Tether is part of the dollar global system?
5August 1, 2024 473 1
