In its financial report for the second quarter (Q2) of 2024, Tether disclosed that the company had achieved an unprecedented net profit of $5.2 billion in the first half of the year. Specifically, the company recorded a net profit of $1.3 billion in just the second quarter (April-June), setting a new historical record. Despite having only 100 employees, Tether's per-employee profitability is significantly higher than that of global investment giants like BlackRock, which had revenues of $62 billion in 2023, while Tether exceeded BlackRock's $55 billion revenue in the same period. This comparison highlights Tether's exceptional performance in terms of efficient operation and profitability.