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🚀 Tether’s Staggering $13B Profit: A Game Changer or a Warning Sign? - BitGalactic News
Tether’s Staggering $13B Profit: A Game Changer or a Warning Sign?
Tether, the world’s leading stablecoin issuer, is no longer just a crypto utility—it’s morphing into a financial powerhouse. According to an attestation released by Italian accounting firm BDO, Tether raked in a staggering $13 billion in profit in 2024, doubling its $6.2 billion earnings from the previous year. This windfall stems from its strategic holdings in Bitcoin, gold, US Treasury bonds, and other financial instruments.

More notably, Tether’s equity skyrocketed 185%, reaching an eye-popping $20 billion. Such figures not only cement Tether’s dominance in the crypto space but also put it ahead of Wall Street behemoths like Blackstone, which reported a comparatively modest $5.4 billion in net income.

Stay tuned as we decode what’s coming next! 🔥

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