According to a tweet by Miles Deutscher, Tether now holds more U.S. treasuries than Australia, the UAE, and Spain. Additionally, Tether's operating profits for the quarter exceeded $1 billion. For context, BlackRock, the world's largest asset manager, had a similar operating profit of around $1.6 billion. This news is astonishing.
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Tether Holds More U.S. Treasuries Than Australia, UAE, and Spain
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1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day. -
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