DeFi Daily News
Saturday, August 23, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

rewrite this title Tether Reports Q2 Profit of $4.9 Billion, CEO Teases U.S. Venture – Decrypt

André Beganski by André Beganski
July 31, 2025
in Web 3
0 0
0
rewrite this title Tether Reports Q2 Profit of .9 Billion, CEO Teases U.S. Venture – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In brief

Tether reported a second-quarter profit of $4.9 billion.
CEO Paolo Ardoino teased a new U.S. venture.
The stablecoin is still partly backed by Bitcoin and precious metals.

Tether reported a second-quarter profit of $4.9 billion on Thursday, as CEO Paolo Ardoino teased a new, U.S.-specific venture for the stablecoin giant on social media.

In the coming months, the El Salavador-based firm will focus on a business that can build a “best-in-class product suite,” which specifically caters to U.S. markets, he said on X.

In an attestation on Thursday, Tether said its business has generated $5.7 billion in the first six months of this year, a 9.6% increase compared to the same period last year.

With $127 billion in exposure to U.S. Treasuries, the stablecoin issuer described itself as one of the largest holders of U.S. debt. For reference, Saudi Arabia held the same dollar-value amount of Treasury securities in May, according to U.S. Treasury Department data.



The company’s latest attestation follows closely after the passage of the GENIUS Act, a landmark piece of crypto legislation in the U.S. that provides a pathway to legality for firms issuing dollar-pegged tokens like Tether and its publicly traded rival Circle.

In a document published on Thursday, accounting network BDO said Tether’s backing includes $8.9 billion worth of Bitcoin and $8.7 billion worth of precious metals. Tether’s stablecoin is mostly backed by $105 billion in U.S. Treasuries, accounting for 64% of its total reserves.

There have been questions over how Tether will comply with U.S. rules. In February, JPMorgan analysts posited that Tether may be forced to sell Bitcoin to meet the framework’s requirements for reserves. At the time, Ardoino called the analysts “salty.”

“Tether’s reserves composition exemplifies how private innovation can align with public monetary goals, serving as a conduit for secure, onchain access to U.S. dollar liquidity at scale,” the company said in its attestation on Thursday.

On Thursday, Tether’s market capitalization stood around $163 billion towering over Circle’s $64 billion stablecoin, according to crypto data provider CoinGecko. 

With its excess cash, Tether said it has been ramping up investments in companies like Twenty One Capital, a Bitcoin treasury firm, and Rumble, an online video-sharing platform. The company has also poured funds into Adecoagro, an agricultural firm focused on South America.

Earlier this week, Twenty One said that it had received 5,800 Bitcoin from Tether. With 43,500 Bitcoin worth $5.2 billion, it has become the world’s third largest Bitcoin treasury firm since it began accumulating the asset in May, according to Bitcoin Treasuries.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BillionCEODecryptProfitreportsrewriteTeasesTethertitleU.SVenture
ShareTweetShare
Previous Post

LIVE: White House press secretary Karoline Leavitt holds briefing

Next Post

Tech’s market moves and AI momentum, Qualcomm CEO, Trump’s trade deals latest

Next Post
Tech’s market moves and AI momentum, Qualcomm CEO, Trump’s trade deals latest

Tech's market moves and AI momentum, Qualcomm CEO, Trump's trade deals latest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
Deciphering the Format of the 2024/25 Champions League with Major Modifications in Place

Deciphering the Format of the 2024/25 Champions League with Major Modifications in Place

August 28, 2024
rewrite this title God in the Machine: Inside the Growing AI Religious Movement – Decrypt

rewrite this title God in the Machine: Inside the Growing AI Religious Movement – Decrypt

August 23, 2025
rewrite this title This Cannondale MIPS Bike Helmet Is 50% Off at REI Right Now, and It's Being Called a Lifesaver

rewrite this title This Cannondale MIPS Bike Helmet Is 50% Off at REI Right Now, and It's Being Called a Lifesaver

August 23, 2025
rewrite this title While Solana (SOL) Price Slowly Climbing to 0, This New Memecoin Hidden Gem Can Bring Real Gains in September

rewrite this title While Solana (SOL) Price Slowly Climbing to $200, This New Memecoin Hidden Gem Can Bring Real Gains in September

August 23, 2025
rewrite this title Best Innerspring Mattress in 2025

rewrite this title Best Innerspring Mattress in 2025

August 23, 2025
rewrite this title and make it good for SEODuring Alaska meet, Russian President Vladimir Putin’s delegation had to pay 0,000 in cash–Here’s what happened

rewrite this title and make it good for SEODuring Alaska meet, Russian President Vladimir Putin’s delegation had to pay $250,000 in cash–Here’s what happened

August 23, 2025
rewrite this title Bitcoin On-Chain Model Shows Critical Support At 4,000-8,000 – Details

rewrite this title Bitcoin On-Chain Model Shows Critical Support At $104,000-$108,000 – Details

August 23, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.