Tether’s USDT now dominates the market with a 75% share, up from 55% two years ago. The stablecoin issuer has also generated $400 million in revenue over the past 30 days, following a record $4.5 billion profit in Q1 2024, largely from Bitcoin and gold investments. Additionally, USDT’s balance on exchanges reached a record high of $20.339 billion in August, indicating strong investor activity. Tether is also set to expand its workforce to 200 employees by mid-2025, with a focus on enhancing its compliance team. Source: Cointelegraph