Tether bought 14 tons of gold for its reserves in the three months to June, extending a buying streak that’s made it the largest known holder of bullion in the world outside of banks and nation states. https://t.co/PggUMovwsM ...

Tether Reports $1.5B Q2 Operating Profit as Gold Holdings Exceed 146 TonsTether reported approximately $1.5 billion in net operating profit for the second quarter, driven mainly by U.S. Treasury and repo income. As of June 30, the company held $187.75 billion in assets against $183.64 billion in liabilities, leaving a $4.11 billion reserve buffer. Tether also reduced secured lending by $2.38 billion and added 14 tons of physical gold, bringing total gold holdings to more than 146 tons. USDT issuance stood a ...