🚨🚨 #Tether 🚨 #usdt 🚨🚨

⚡️ Big Win for Tether: $4.52 Billion Profit in Q1 2024

Here’s what you need to know from their latest attestation report:

💸 Massive Profit

Tether pulled in a jaw-dropping $4.52 billion in net profit in just the first quarter of 2024 — smashing their own previous records.

📈 Growing Stronger

Their net equity has now climbed to $11.37 billion, up from $7.01B at the end of 2023. That’s serious growth in just three months.

💵 USDT Demand Soaring

They issued over $12.5 billion worth of USDT in Q1 alone — showing how much the stablecoin is still in demand globally.

🪙 Smart Asset Moves

They’re holding around $90 billion in U.S. Treasuries, proving their reserves are strong and conservative.

They also boosted their Bitcoin stash to $5.4B and their gold holdings to $3.7B — diversifying but still staying solid.

🏦 Playing It Safe

Tether slashed its bank deposit exposure by over 90%, cutting it down to just $481 million to avoid risks from bank failures.

🔍 More Transparency

For the first time ever, they gave detailed insights into their gold and Bitcoin holdings and even revealed their total net equity — a major step toward transparency.

🌐 Investing in the Future

They’ve already poured $5B+ into things like AI, renewable energy, Bitcoin mining, and peer-to-peer tech. Tether’s not just sitting on cash — they’re building.

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Bottom line?

Tether is stacking profits, tightening security, and expanding into future tech — all while issuing more USDT than ever. This is a power move in the stablecoin space.