Tether, the world’s largest stablecoin issuer, has posted an operating profit of $1.5 billion in the second quarter, as reported by CoinDesk.
During this period, Tether added significant assets to its reserves, including 14 metric tons of gold and approximately 1,800 bitcoin.
However, its reserve buffer has fallen by half, indicating a shift in the composition of its holdings.
This information is based on reporting from CoinDesk, providing insight into the financial performance and reserve management of Tether.