POPA ReconTether made $1.5B in Q2, but the profit isn't the real story
Tether made $1.5B in Q2, but the profit isn't the real story The stablecoin issuer is quietly becoming a conglomerate. Behind USDT sit $115B in US Treasuries, 146 tons of gold and ~99K BTC, plus a growing portfolio of stakes: media (Rumble), data centers (Northern Data), agriculture (Adecoagro, 70%), Bitcoin mining (Bitdeer), royalties (Elemental Altus) and even football (Juventus). One company. ~200 people. An empire in the making.
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