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Tether Rakes in $4.9B Profit in Q2—Dumps $4B Into U.S. Projects (Because Banks Weren’t Risky Enough)
Tether Rakes in $4.9B Profit in Q2—Dumps $4B Into U.S. Projects (Because Banks Weren’t Risky Enough)
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Tether just flexed a $4.9 billion net profit last quarter—enough to make traditional finance CEOs blush. Where’d the stablecoin giant park its cash? Naturally, in the land of Uncle Sam.
The U.S. Money Pit
$4 billion vanished into "U.S. initiatives"—because if there’s one thing crypto loves, it’s subsidizing the same system it’s trying to disrupt. Roads, tech, or maybe a secret stablecoin bunker? Tether’s not telling.
Profit or Printing?
With numbers this juicy, skeptics will ask: Is this real revenue or creative accounting? Meanwhile, Wall Street still thinks stablecoins are ‘niche.’ Keep sleeping, bankers.
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