Tether released its audit report for the second quarter of 2024, with a net profit of $5.2 billion.

Tether Holdings Limited released its audit report for the second quarter of 2024, which showed that Tether achieved a record net profit of $5.2 billion in the first half of 2024 and a net operating profit of $1.3 billion in the quarter. In addition, Tether's U.S. Treasury holdings reached a new high of $97.6 billion, making it the 18th largest holder of U.S. debt in the world. The consolidated net assets of the Tether Group reached $11.9 billion on June 30. Management said that as of June 30, 2024, Tether tokens had reserves of $118.436 billion and liabilities of $113.102 billion.