CandleFocus ? Tether Beats BlackRock with $6.2 Billion Profit in 2023
2024-09-11
Author: Content Editor
Tether, the largest stabilised token issuer in the world, reported $6.2 billion in revenue in 2023, surpassing BlackRock's $5.5 billion earnings. The company achieved this through smart investments in low-risk U.S. Treasury bonds, taking advantage of favourable economic conditions. Tether's careful commitment plan and substantial reserves also allowed it to outperform traditional financial giants. The company has increased its Bitcoin assets and plans to invest in Bitcoin mining operations. However, Tether faces ongoing challenges regarding transparency and regulation, and will need to address these issues to maintain its leading position.
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