📅 October 31 | British Virgin Islands
The stablecoin giant, Tether (USDT), has just shattered market expectations by revealing annual earnings exceeding $10 billion, driven by the surge in its holdings of US Treasury bonds and its growing presence in global markets.
📖 According to The Block, Tether generated over $2.3 billion in net profit in the third quarter alone, bringing its year-to-date profit to over $10 billion, a figure comparable to global banks like Goldman Sachs or HSBC.
The driving force behind this performance has been the rise in Treasury bond yields, where Tether holds the majority of its reserves.
Currently, the company holds over $110 billion in assets, a large portion of which consists of US government securities.
Meanwhile, the supply of USDT continues to grow, exceeding $125 billion in circulation, solidifying the stablecoin as the most widely used in the world—far surpassing USDC and DAI—and dominating both exchanges and emerging markets.
Tether has gone from being a project questioned for its opacity to becoming a key piece of the digital financial system.
Today, its role goes far beyond cryptocurrencies:
It finances renewable energy and mining projects in Latin America.
It invests in artificial intelligence and Bitcoin mining hardware.
And it strengthens its institutional presence, promoting the de facto digital dollar in countries with high inflation.
However, regulators in the US and the European Union remain concerned about the lack of comprehensive audits and public oversight of its reserves. Even so, the company seems determined to remain the liquidity reserve of the global crypto market.
Topic Opinion:
Tether is no longer just a stablecoin: it is an alternative financial institution. Its ability to generate profits at the level of large banks, without physical offices or traditional clients, redefines what we understand by “digital store of value”.
💬 Do you think Tether represents stability?
Leave your comment...
#Tether #USDT #Stablecoins #CryptoTransparency #CryptoNews $USDC