Tether’s First Quarter Sets Record with $4.52 Billion Profit, Bitcoin Appreciation Contributes Significantly
Stablecoin issuer Tether has released its first-quarter audit report signed by accounting firm BDO. In Q1 2024, Tether achieved a record-breaking profit of $4.52 billion, with approximately $1 billion coming from holdings of US Treasury bonds, and the remaining portion consisting of returns from Bitcoin and gold positions valued by market capitalization.
