Tether Releases Shocking Report: The Dominance of the Dollar is Unshakeable, and Reserves of Gold and Bitcoin Surge!

Tether, the global stablecoin giant and the seventh largest holder of U.S. Treasury bonds, recently released its audit report for the first quarter of 2024, revealing its dominant position in the stablecoin sector. The report shows that Tether generated nearly $14 billion in profit this year, with its reserves of dollars and gold further expanding.

Tether's gold reserves have surpassed 7.7 tons, and it holds over 100,000 bitcoins. Co-founder Reeve Collins stated that stablecoins are solidifying the dollar's dominant position in the cryptocurrency market; although other currencies are beginning to emerge, the dollar remains the “reserve currency” of the crypto world. Additionally, Tether plans to launch stablecoins backed by other currencies and physical assets to further enhance market confidence.

With the continuous growth of reserves and the improvement of profitability, Tether will undoubtedly continue to attract more investors, becoming an important pillar of the crypto market.