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Tether's annual profits top $10 billion as Treasury holdings swell

Quick Take The world’s largest stablecoin issuer reported that it has generated profits of over $10 billion during the first three quarters of this year. After the first two quarters, Tether posted $5.7 billion in profit, meaning that at more than $10 billion YTD, the company’s Q3 profits must have surpassed $4.3 billion. Tether's profit machine doesn't appear to be slowing down as the world's largest issuer of stablecoins said Friday in its latest attestation that it issued an additional $17 bi...

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