Stablecoin issuer Tether Thursday reported $2.5 billion of group-wide net profits in the third quarter of the year, bringing year-to-date profit to $7.7 billion as the market capitalization of its flagship cryptocurrency (USDT) neared $120 billion.Some $1.3 billion of the profits derived from yield on U.S. Treasury holdings, while another $1.1 billion was thanks to the unrealized appreciation of the company's gold holdings in the reserve, Tether CEO Paolo Ardoino said in an X post. The price of ...