February 26, 2026

$5.2 Billion in 2025: How Does Tether Make Money?

Table of ContentsWhy Treasury Bills Are Tether’s Cash CowWhat About Fees?Does Tether Invest in Anything Besides Treasuries?The $5.2 Billion vs. $15 Billion QuestionHow Big Is Tether Now?Why Stablecoins Dominated 2025 EarningsWhat Tether Doesn’t Make Money …

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