Tether Generates $13 Billion Profit in 2024: Implications for the Cryptocurrency Market
Tether, the stablecoin issuer, reported a staggering $13 billion in profits for 2024, putting it in the same financial league as Goldman Sachs. Unlike many firms, Tether does not publish audited financial statements, which has raised eyebrows among regulators and industry experts. In the last quarter of 2024, Tether issued over $23 billion in its ...