Tether Reports $2.4B Q3 Profits

Quick Summary:

Tether (USDT), one of the world’s leading stablecoins, has announced impressive financial results for the third quarter of 2024, reporting $2.4 billion in net profits.

These profits are primarily derived from the company’s substantial holdings in U.S.

Treasuries and gold, showcasing Tether’s robust asset management strategy and its significant role in the cryptocurrency ecosystem.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaGermany

Topics: Crypto News Tether

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 05:27:55 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1018 words

Reading Time: 6 minutes read

Sentences: 52 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23360691

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #121

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