Crypto enthusiasts, hold onto your hats – Tether, the stablecoin giant, has announced some mind-blowing figures! According to reports, the company has raked in a staggering $5 billion in profits this year alone. But that’s not all – Tether has also revealed that its holdings of U.S. debt have surpassed Germany’s, with a whopping $97 billion exposure to U.S. Treasuries.
To put that into perspective, Tether’s U.S. debt holdings would place it 18th in the rankings among countries, surpassing even economic powerhouses like Germany. This milestone cements Tether’s position as a force to be reckoned with in the crypto world.
What do you make of Tether’s massive profits and U.S. debt holdings? Do you think this news will have any impact on the crypto market? Share your thoughts in the comments below!
