Tether’s Opaque $10B Profit Highlights Its Unrivaled Scale and Influence

Tether Holdings has announced staggering annual profits exceeding $10 billion, yet the details remain as opaque as the company itself.

While its latest attestation confirms a colossal $135 billion position in US Treasuries, the private firm did not break out its Q3 earnings, deviating from its previous practice.

This lack of granularity, despite the immense scale that now includes $10 billion in Bitcoin, continues to fuel both awe and scrutiny around the financial powerhouse that underpins the crypto economy.