Tether Reports Record $10B Profit in First Nine Months, Launches Share Buyback Program

Tether, the company behind the world's largest stablecoin USDT, has announced extraordinary financial results for the first nine months of the year, reporting profits exceeding $10 billion. The massive earnings demonstrate Tether's dominant position in the cryptocurrency market. In a strategic move following this financial success, Tether has initiated a share buyback program, signaling strong confidence in its future growth prospects and commitment to returning value to shareholders. This development highlights Tether's continued expansion and solidifies its financial stability in the digital asset ecosystem.