Tether made $5.2B in 2024: Here’s how stablecoins make money
With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone.
In the first half of 2024, Tether quietly posted one of the biggest profit hauls in crypto history, pulling in a staggering $5.2 billion across just two quarters.
That’s not a typo: $4.52 billion in Q1, followed by another $1.3 billion in Q2.