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    1. coinfeeds-bot on

      tldr; Tether reported a $10 billion profit for the first three quarters of 2025, placing it among the most profitable financial institutions globally. Its earnings surpass Bank of America and U.S. Bank, and are close to Morgan Stanley and Goldman Sachs. Tether’s profits stem from returns on $135 billion in U.S. Treasuries held in reserve for its USDT stablecoin. The company plans to launch a U.S.-focused stablecoin, USAT, by year-end, marking its entry into the American market following new stablecoin regulations.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. CipherScarlatti on

      Well of course you can report profit when you’re making up numbers for everything.
      Everybody! Look at me!
      I’ve made 93 billion dollars from Reddit posts!

      See? It’s easy.

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