Tether profits hit a record $5.2 billion in the first half of the year

The company's strong and stable revenue base is provided by investments in traditional assets, mainly U.S. Treasury bonds. In Q2, the volume of such securities in direct or indirect possession of Tether exceeded $97.6 billion, which was also a record for the company. Thus, in terms of investment in U.S. government debt, Tether moved up to 18th place, surpassing such countries as Germany, the UAE and Australia.

In the ranking of owners of short-term U.S. Treasury bonds, the company ranks third, behind only Great Britain and the Cayman Islands. The company admits it will top this ranking next year "given the momentum of USDT adoption."

"Tether has achieved an impressive and unrivaled financial strength that allows it to continue to lead the stablecoin industry in terms of stability and liquidity, as well as spreading its expertise in various fields such as AI, biotechnology and telecommunications," CEO Paolo Ardoino summarized.