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Crypto markets opened August with volatility as Bitcoin, Ether, and XRP dipped amid $629M liquidations, while a strong dollar and yen's decline added pressure ahead of key economic data.

Tether posts $4.9B profit in Q2 as stablecoins go mainstream

CointelegraphThursday, July 31, 2025 at 7:40:56 PM
PositiveCryptocurrencycryptocurrency
Tether posts $4.9B profit in Q2 as stablecoins go mainstream
Tether, the company behind the widely used USDT stablecoin, reported a massive $4.9 billion profit in the second quarter of 2025, bringing its total profit for the first half of the year to $5.7 billion—a 9.6% increase compared to the same period in 2024. This highlights the growing adoption of stablecoins in the crypto market.
Editor’s Note: Stablecoins like USDT are becoming a cornerstone of the crypto economy, acting as a bridge between traditional finance and digital assets. Tether's soaring profits signal not just its dominance but also how mainstream these dollar-pegged tokens have become. For investors and traders, this is a sign of stability (pun intended) in an often-volatile market.
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