Tether Q2 2024 Attestation

Tether released its Q2 2024 attestation, conducted by BDO, reaffirming its Consolidated Financials Figures and Reserves Report and showing record results. The company reported a net operating profit of $1.3 billion in the second quarter and a record $5.2 billion net profit for the first half of 2024. Its consolidated net equity was $11.9 billion as of June 30, 2024, and its U.S. Treasury ownership surpassed $97.6 billion, a new all-time high. Tether's reserves for tokens in circulation were US$118,436,336,293 as of June 30, 2024, exceeding issuer liabilities by US$5,334,337,355.