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Tether Rakes In $1B Profit—Now Holds More US Debt Than Most Countries
Tether Rakes In $1B Profit—Now Holds More US Debt Than Most Countries
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Tether’s Q1 2025 report drops like a mic: $1 billion in pure profit and a $120 billion stash of US Treasuries—enough to make Wall Street bankers blush. The stablecoin giant now effectively operates as a shadow central bank, with a balance sheet bigger than 80% of sovereign nations.
How’s that for ’volatile crypto’? Meanwhile, traditional finance still can’t decide if stablecoins are the future or a regulatory punching bag. Tether’s response? Stacking bills while the suits keep debating.
Bonus jab: At this rate, the US might need to borrow from Tether instead of the other way around.
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