{"id":632591,"date":"2024-08-01T06:00:38","date_gmt":"2024-08-01T06:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=632591"},"modified":"2024-07-31T19:34:13","modified_gmt":"2024-07-31T19:34:13","slug":"tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/","title":{"rendered":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Transition To US Treasuries Pays Off<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to the <\/span><a href=\"https:\/\/tether.io\/news\/tether-q2-2024-attestation-reports-record-breaking-5-2-billion-profit-in-first-half-of-2024-highest-treasury-bill-ownership-ever-largest-ever-group-consolidated-equity-at-almost-12-billion\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\">, independently audited by accounting firm BDO, Tether&#8217;s net operating profit for the second quarter of 2024 reached a new high of $1.3 billion, propelling the company&#8217;s total net profit for the first half of the year to over $5 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the stablecoin issuer, the foundation of Tether&#8217;s financial growth and stability comes from an income base derived from investments in US Treasury Bills (T-Bills), which was first <\/span><a href=\"https:\/\/tether.io\/news\/tether-slashes-commercial-paper-to-zero\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">implemented <\/span><\/a><span style=\"font-weight: 400\">after eliminating commercial paper from its stablecoin reserves and replacing it with US T-Bills in 2022.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ripple\/xrp-skyrocket-21000-to-over-150\/\" target=\"_blank\" rel=\"noopener \">XRP Analyst Thinks The Coin Is Ready To Skyrocket By 21,000% To Over $150<\/a><\/div>\n<p><span style=\"font-weight: 400\">The report also revealed that in the second quarter of the year, direct and indirect ownership of US Treasuries within Tether&#8217;s token reserves made notable progress, surpassing $97.6 billion, resulting in a historic high in this metric.\u00a0<\/span><span style=\"font-weight: 400\">This brings Tether&#8217;s exposure to Treasuries across multiple countries, positioning it as the 18th largest holder of <\/span><a href=\"https:\/\/wncen.com\/news\/tether-usdt\/tether-unveils-ausdt-a-new-gold-backed-digital-currency-for-payments-details\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">US debt<\/span><\/a><span style=\"font-weight: 400\"> globally and the 3rd largest purchaser of 3-month US Treasuries after the UK and the Cayman Islands.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite fluctuations in Bitcoin (BTC) prices, which reached an all-time high of $73,700 in March, the report noted that consolidated equity increased by $520 million in the second quarter, with gold&#8217;s positive performance compensating for the losses. The company revealed that its consolidated net equity as of June 30 was $11.9 billion.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Tether Commits Profits To Ecosystem Expansion<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to the financial disclosures, as of June 30, 2024, Tether&#8217;s reserves for circulating tokens totaled $118 billion, exceeding debt by $5.3 billion.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a strategic move, the firm also revealed that a portion of the second quarter&#8217;s profits is going to be reinvested in \u201cpivotal projects\u201d to bolster Tether\u2019s <\/span><a href=\"https:\/\/wncen.com\/news\/fake-crypto-airdrop-tethers-ceo-warns-of-ongoing-supply-chain-email-exploit\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">ecosystem<\/span><\/a><span style=\"font-weight: 400\">, while a substantial excess reserve of $5.3 billion was maintained to fortify token stability.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investments in sustainable energy, Bitcoin mining, artificial intelligence (AI) infrastructure, telecommunications technology, neurotechnology, education and other long-term ventures were also part of the firm\u2019s portfolio.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-crash-below-40000\/\" target=\"_blank\" rel=\"noopener \">Elliot Wave Theory Suggests Bitcoin Price Will Crash Below $40,000<\/a><\/div>\n<p><span style=\"font-weight: 400\">Paolo Ardoino, CEO of Tether, <\/span><a href=\"https:\/\/x.com\/paoloardoino\/status\/58211185\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">took to social media<\/span><\/a><span style=\"font-weight: 400\"> to celebrate the company&#8217;s growth and profitability recorded in the first half of the year, saying:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">Finally, we realize that our company grew and reached new, almost unimaginable, levels. It\u2019s truly humbling to find ourselves in the position to build everything our imagination could dream. That\u2019s why, for us, Tether is a Once-In-One-Hundred-Year Opportunity. And being a private company allows us to focus on the things that truly matter.<\/span><\/p><\/blockquote>\n<figure style=\"width: 1814px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/7GWS6LV3\/\" alt=\"Tether\" width=\"1814\" height=\"858\"><figcaption class=\"wp-caption-text\">The 1D chart shows the total crypto market cap&#8217;s valuation at $2.33 trillion. Source:<a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\"> TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month. Transition To US Treasuries Pays Off According to the report, independently audited by accounting firm BDO, Tether&#8217;s net operating profit for the second quarter of 2024 reached a new high of $1.3 billion, propelling the company&#8217;s total net profit for the first half of the year to over $5 billion. According to the stablecoin issuer, the foundation of Tether&#8217;s financial growth and stability comes from an income base derived from investments in US Treasury Bills (T-Bills), which was first implemented after eliminating commercial paper from its stablecoin reserves and replacing it with US T-Bills in 2022.\u00a0 Related Reading: XRP Analyst Thinks The Coin Is Ready To Skyrocket By 21,000% To Over $150 The report also revealed that in the second quarter of the year, direct and indirect ownership of US Treasuries within Tether&#8217;s token reserves made notable progress, surpassing $97.6 billion, resulting in a historic high in this metric.\u00a0This brings Tether&#8217;s exposure to Treasuries across multiple countries, positioning it as the 18th largest holder of US debt globally and the 3rd largest purchaser of 3-month US Treasuries after the UK and the Cayman Islands. Despite fluctuations in Bitcoin (BTC) prices, which reached an all-time high of $73,700 in March, the report noted that consolidated equity increased by $520 million in the second quarter, with gold&#8217;s positive performance compensating for the losses. The company revealed that its consolidated net equity as of June 30 was $11.9 billion. Tether Commits Profits To Ecosystem Expansion According to the financial disclosures, as of June 30, 2024, Tether&#8217;s reserves for circulating tokens totaled $118 billion, exceeding debt by $5.3 billion.\u00a0\u00a0 In a strategic move, the firm also revealed that a portion of the second quarter&#8217;s profits is going to be reinvested in \u201cpivotal projects\u201d to bolster Tether\u2019s ecosystem, while a substantial excess reserve of $5.3 billion was maintained to fortify token stability. Investments in sustainable energy, Bitcoin mining, artificial intelligence (AI) infrastructure, telecommunications technology, neurotechnology, education and other long-term ventures were also part of the firm\u2019s portfolio. Related Reading: Elliot Wave Theory Suggests Bitcoin Price Will Crash Below $40,000 Paolo Ardoino, CEO of Tether, took to social media to celebrate the company&#8217;s growth and profitability recorded in the first half of the year, saying:\u00a0 Finally, we realize that our company grew and reached new, almost unimaginable, levels. It\u2019s truly humbling to find ourselves in the position to build everything our imagination could dream. That\u2019s why, for us, Tether is a Once-In-One-Hundred-Year Opportunity. And being a private company allows us to focus on the things that truly matter. Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":632592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89687],"tags":[6664,14690,1558,4100,91454,88618,85767,91241,88745,88744],"class_list":["post-632591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tether-usdt","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-tether","tag-tether-usdt","tag-tether-ceo","tag-tether-netflows","tag-tether-news","tag-tether-profits","tag-tether-reserves"],"acf":[],"yoast_head":"\n<title>Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit<\/title>\n<meta name=\"description\" content=\"Tether has released its attestation report for the Q2, recording substantial gains that amount to nearly $1 billion per month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit\" \/>\n<meta property=\"og:description\" content=\"Tether has released its attestation report for the Q2, recording substantial gains that amount to nearly $1 billion per month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-01T06:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-31T19:34:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749\" \/>\n\t<meta property=\"og:image:width\" content=\"1302\" \/>\n\t<meta property=\"og:image:height\" content=\"749\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit\",\"datePublished\":\"2024-08-01T06:00:38+00:00\",\"dateModified\":\"2024-07-31T19:34:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\"},\"wordCount\":501,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749\",\"keywords\":[\"crypto\",\"crypto news\",\"cryptocurrency\",\"tether\",\"Tether (USDT)\",\"Tether CEO\",\"Tether netflows\",\"Tether news\",\"Tether profits\",\"Tether reserves\"],\"articleSection\":[\"Tether\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\",\"url\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\",\"name\":\"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749\",\"datePublished\":\"2024-08-01T06:00:38+00:00\",\"dateModified\":\"2024-07-31T19:34:13+00:00\",\"description\":\"Tether has released its attestation report for the Q2, recording substantial gains that amount to nearly $1 billion per month.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749\",\"width\":1302,\"height\":749,\"caption\":\"Tether\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit","description":"Tether has released its attestation report for the Q2, recording substantial gains that amount to nearly $1 billion per month.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/","og_locale":"en_US","og_type":"article","og_title":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit","og_description":"Tether has released its attestation report for the Q2, recording substantial gains that amount to nearly $1 billion per month.","og_url":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-01T06:00:38+00:00","article_modified_time":"2024-07-31T19:34:13+00:00","og_image":[{"width":1302,"height":749,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit","datePublished":"2024-08-01T06:00:38+00:00","dateModified":"2024-07-31T19:34:13+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/"},"wordCount":501,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749","keywords":["crypto","crypto news","cryptocurrency","tether","Tether (USDT)","Tether CEO","Tether netflows","Tether news","Tether profits","Tether reserves"],"articleSection":["Tether"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/","url":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/","name":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749","datePublished":"2024-08-01T06:00:38+00:00","dateModified":"2024-07-31T19:34:13+00:00","description":"Tether has released its attestation report for the Q2, recording substantial gains that amount to nearly $1 billion per month.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749","width":1302,"height":749,"caption":"Tether"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit","url":"http:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tether-usdt\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749"},"articleSection":"Tether","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto news","cryptocurrency","tether","tether (usdt)","tether ceo","tether netflows","tether news","tether profits","tether reserves"],"dateCreated":"2024-08-01T06:00:38Z","datePublished":"2024-08-01T06:00:38Z","dateModified":"2024-08-01T06:00:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tether-usdt\\\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tether-usdt\\\/tether-reports-record-breaking-5-2-billion-net-profit-in-latest-2024-audit\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Screenshot_328.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Screenshot_328.jpg?fit=1302%2C749\"},\"articleSection\":\"Tether\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto news\",\"cryptocurrency\",\"tether\",\"tether (usdt)\",\"tether ceo\",\"tether netflows\",\"tether news\",\"tether profits\",\"tether reserves\"],\"dateCreated\":\"2024-08-01T06:00:38Z\",\"datePublished\":\"2024-08-01T06:00:38Z\",\"dateModified\":\"2024-08-01T06:00:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot_328.jpg?fit=1302%2C749","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/632591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=632591"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/632591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/632592"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=632591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=632591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=632591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}