Tether’s Q1 Haul Tops $1B—But Bitcoin’s Slumping Yields Drag Profits Down From 2024 Highs
Tether just posted another billion-dollar quarter—proof that stablecoins print money even when crypto markets wobble. But declining Bitcoin yields are putting pressure on profits compared to last year’s bull-run bonanza.
Key details: The world’s largest stablecoin issuer remains a cash cow, but its treasury management playbook is feeling the squeeze as BTC staking rewards normalize post-halving.
Bottom line: When even ’risk-free’ stablecoin arbitrage can’t escape crypto’s gravity, maybe the real yield was the friends we made along the way. (Just kidding—it’s all about that 0.08% spread.)