Tether International, the issuer of the USDT stablecoin, reported a net profit exceeding $10 billion through the third quarter of this year, establishing it as one of the world's most profitable privately held companies, according to an attestation report by BDO.
Read MoreTether's recent third-quarter report confirms that its Tether Gold (XAU₮) tokens are fully backed by 375,572 fine troy ounces of physical gold stored in Switzerland, valued at approximately $1.44 billion as of September 30.
Read MoreTether, the issuer of the dominant stablecoin USDT, is projecting a remarkable $15 billion in profit for 2025, according to CEO Paolo Ardoino at the Plan B Forum in Lugano.
Read MoreTether's stablecoin, USDT, has hit a massive milestone of 500 million users, according to an announcement by CEO Paolo Ardoino.
Read MoreTether, the company behind the USDT stablecoin, is making a strategic push to re-enter and dominate the U.S. market.
Read MoreTether CEO Paolo Ardoino has personally addressed and denied rumors that the company sold off its Bitcoin holdings.
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