Tether Q2 Profit Jump High Reach $4.9B, USDT Market Cap Na $164.5B
Tether report say sayun-quata second profit reach $4.9B, na increase 277% year-to-year because of strong USDT demand and Treasury bond yields. This one lift H1 revenue to $5.7B, up 9.6%, with assets reach $162.6B against $157.1B liability. USDT issuance grow by $13.4B in Q2, push market cap reach $164.5B, or 61.7% of stablecoin market, while USDC get about $64B. Tether’s U.S. Treasury bond holdings climb to $127B, make am the world 18th-largest holder, and Bitcoin reserves near $9B. U.S. GENIUS Act dey try make digital dollar strong as competition hot—Circle’s USDC IPO and new euro stablecoins for Ethereum from Deutsche Bank, Galaxy and Flow Traders. Tether strong balance sheet and profit growth open way for new institutional dollar stablecoin and confirm their leadership for crypto and traditional finance.
Neutral
Even though Tether record profit, dem grow di US Treasury holdings and di way USDT dem dey issue dey rise dey boost market confidence plus fit make more people use am, USDT na pegged stablecoin wey e price fixed na $1. Dis news show say di foundation strong but e no fit directly make USDT market price go beyond di peg. As time dey go, more liquidity and institutional offers fit make market depth better, but e no go affect di stablecoin price level.