Tether has just released its attestation report for Q2 2024, declaring a $5.2 billion profit for the first half of 2024.

In Q2 of 2024, Tether generated a net operating profit of $1.3 billion, compared to Q1’s earnings of $4.52 billion, per the report. 

Tether’s net equity worth also increased by $520 million to $11.9 billion as of June 30, 2024, up from its reported valuation of $7.01 billion on Dec. 31, 2024.

Read more: Tether just obliterated its former net profit record for a single quarter 

Tether’s revenues come from investing fiat currencies it receives from issuing its USDT stablecoin into various financial assets, such as T-bills and precious metals. According to the…

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