Tether’s $10B Profit Boom Signals Deepening Liquidity for Crypto Markets

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Tether, the engine behind the world’s dominant stablecoin USDT, continues to print profits, with annual earnings soaring past $10 billion.

This growth is fueled by the issuance of an additional $17 billion in USDT last quarter, reflecting its critical role in providing liquidity to the crypto ecosystem.

The company’s vast and conservative reserves, now including $135 billion in US Treasuries, aim to bolster confidence in the peg of the $1 trillion-plus stablecoin market’s cornerstone asset.