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Tether Says Quarterly Profit Jumped to $2.5 Billion

The Information · Yueqi Yang · last updated

Tether, the world’s largest stablecoin issuer, reported third-quarter net profit of $2.5 billion, up 92% from the prior quarter.

Tether, which currently has market circulation of $120 billion, primarily makes revenues from interest generated by reserve assets backing the stablecoin. Its …

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