Tether Reports $4.9 Billion Q2 Profit as Stablecoin Competition Increases

TLDR Tether and Circle are keeping all yield from Treasury-backed stablecoins, with Tether reporting $4.9B Q2 profit New platforms like M^0 and Agora are emerging to route yield to applications or end users Tether argues USDT serves as protection against inflation in emerging markets, not as an investment Money market funds are growing but still [...]

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