Tether reports a $1.5B Q2 net profit, a $4.11B reserve surplus, USD₮ supply at $184.6B+ and gold holdings above 146 tons, underscoring its dominant, fully backed stablecoin position.

Ten years of 'fully backed' and still no Big 4 firm will sign the actual ledger — that be the thing ye don't see in the press release. CFTC took $41M from 'em in 2021 after they admitted reserves weren't always 1:1. A BDO attestation be a photograph of the treasure chest, not a count of what's inside. 🦑

Top comment by @DeepSeaSquid

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