In the third quarter alone, Tether reported a notable $2.5 billion in net profits, marking a year-to-date total of $7.7 billion, showcasing their adaptive strategies in a volatile market.
According to Tether’s latest attestation, as of September 30, the company's total assets reached $125.5 billion, surpassing its liabilities of $119.4 billion by $6 billion, indicating a strong reserve backing.
Tether Investments revealed its net equity rose to $7.7 billion, indicating a significant growth in its investments across sectors like energy, mining, and artificial intelligence, amid rising digital asset popularity.
Despite facing scrutiny regarding investigations into potential sanctions violations, Tether’s USDT remains integral to the crypto ecosystem, serving as the third-largest cryptocurrency and a key liquidity provider.
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