Tether cements its position as the leading gainers in the crypto market as its USDT operational profit pushes above $5.2 billion for H1 2024.
recently disclosed its H1 2024 financials, revealing interesting developments. This included an impressive $5.2 billion in revenue, which gestures towards the company’s robust financial position., the company achieved $1.3 billion in net operating profit in Q2 2024.
In other words, it holds more U.S. treasuries than some major countries including Australia, Germany, and the UAE. The differences in volumes and market cap underscored just how far Tether is ahead of the competition. This strategic lead has allowed it to capture most of the stablecoin demand.Tether’s growth was not only evident in its balance sheet or revenue but also its user growth. The stablecoin maintained robust address growth during the first half of the year.grew from 4.68 million at the end of January 2024, to 5.39 million at the end of July.network. The latter added roughly 7.
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