Summary
- Tether's U.S. Treasury holdings increased by $8 billion in Q2, surpassing $127 billion.
- Tether's total supply exceeded $157 billion in Q2, with over $13.4 billion issued during Q2.
- Net profit for Q2 was about $4.9 billion and net profit for the first half was $5.7 billion.
The U.S. Treasury holdings of the dollar stablecoin issuer Tether (USDT) have surpassed $127 billion (approximately ₩177 trillion 4 billion).
Tether announced on the 31st (local time) that, as of the end of the second quarter this year, its holdings of U.S. Treasuries amounted to about $127 billion. Specifically, direct holdings were $105.5 billion, and indirect holdings were $21.3 billion. Tether's U.S. Treasury holdings increased by around $8 billion in Q2 alone.
Tether's supply exceeded $157 billion as of the second quarter. Tether stated, "Over $13.4 billion worth of Tether was issued in Q2," and added, "Compared to the beginning of the year, it has increased by $20 billion."
Net profit for the second quarter was about $4.9 billion. Net profit for the first half of the year was $5.7 billion. Paolo Ardoino, Chief Executive Officer (CEO) of Tether, said, "Trust in Tether is accelerating," and added, "Tether has established itself as a proven model demonstrating the broad global influence of stablecoins."
JOON HYOUNG LEE
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