Tether Rakes in $4.9B Profit in Q2—Dumps $4B Into US Projects (Wall Street Sobs Into Its Spreadsheets)

Tether just flexed a $4.9 billion net profit for Q2—tossing nearly 80% of that ($4 billion) into US-based initiatives. Who needs traditional banks when stablecoins print money faster than the Fed?

Breaking down the crypto cash cannon:

The numbers don’t lie: Tether’s revenue engine is running hotter than a Bitcoin miner in July. While legacy finance scrambles for yield, the stablecoin giant keeps stacking billions like it’s playing with Monopoly money.

Where’s the money going?

That $4 billion US investment isn’t sitting in a 0.01% APY savings account. Think infrastructure, tech partnerships, and maybe a few lobbyists—because when you’re swimming in profit, buying influence is just another line item.

Cynical take: Meanwhile, hedge funds are still charging 2-and-20 for sub-inflation returns. Maybe they should’ve bought the dip.