Tether Reports $1.5B Operating Profit in Q2 Despite Shrinking Reserve Buffer

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Tether, the world's largest stablecoin issuer, recorded an operating profit of $1.5 billion in the second quarter. However, the company's reserve buffer fell by approximately half during the same period. To strengthen its holdings, Tether added 14 metric tons of gold to its reserves in Q2. The firm also acquired around 1,800 bitcoin as part of its reserve diversification strategy.

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