Tether's Profits Exceeded BlackRock Last Year
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September 13, 2024
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Tether's Q2 2024 Profit Hits Record High of $1.3 Billion, Half-Year Profit Reaches $5.2 Billion
According to Coinpost, Tether, the issuer of the stablecoin USDT, revealed in its Q2 2024 financial report that the company achieved a record high net profit of $5.2 billion in the first half of the year. In Q2 2024 (April-June), the company achieved a net profit of $1.3 billion, setting a new record.
Tether's 2023 revenue reached $6.2 billion, exceeding the revenue of $5.5 billion generated by BlackRock, a major global investment firm, in the same year. BlackRock employs 20,000 people, while Tether has 100 employees, highlighting Tether's exceptional profitability per employee.
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