📢 Tether reports massive profits in Q3 and announces two new products

📢 Tether reports massive profits in Q3 and announces two new products

With $2.5 billion USD in net profits, Tether is showcasing its resilience. Since January, total profits have reached $7.7 billion.

➡️ Key figures:
Tether’s total assets have reached $134.4 billion USD.
According to CoinGecko, the market capitalization of the stablecoin USDT has risen to $120 billion USD, a 30% increase since the beginning of the year.

➡️ Unique Economic Position: A large portion of Tether's reserves is held in U.S. Treasury bonds🇺🇸, making Tether one of the largest holders of U.S. debt, even surpassing countries like Germany🇩🇪.

➡️ Where will Tether invest these profits?
In Artificial Intelligence,
in commodity trading,
in the agriculture sector (a strategic investment given growing global scarcity concerns),
and in new product development. This November, the company has promised to launch two new products that will not include a proprietary blockchain.

➡️ What to expect: Tether is keeping things under wraps, hinting that these launches will be surprising. Could it be a new energy source? Disruptive financial technology?

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