[{"type":"paragraph","children":[{"text":"Tether发布Q2 2025季度报告，创下历史最佳财务表现。作为全球最盈利的稳定币发行商，其令人瞩目的业绩展现了稳定币商业模式的成熟与盈利能力："}]},{"type":"paragraph","children":[{"text":"💰 核心亮点："}]},{"type":"bulleted-list","children":[{"text":"\nQ2净利润：49亿美元（季度纪录）\n2025年上半年总利润：57亿美元\n美国国债持仓：1270亿美元（全球前十大政府债券持有者）\n总资产：1626亿美元，超出负债54.7亿美元\nUSDT流通量：超过1570亿美元\n"}]},{"type":"paragraph","children":[{"text":"📈 市场表现："}]},{"type":"bulleted-list","children":[{"text":"\n2025年至今发行200亿美元新USDT代币\nQ2单季发行134亿美元\n稳定币市场份额约64%，远超USDC的25%\n日交易量约500亿美元 vs USDC的50亿美元\n"}]},{"type":"paragraph","children":[{"text":"🎯 业务拓展："}]},{"type":"bulleted-list","children":[{"text":"\n战略投资40亿美元部署于美国AI、可再生能源、通信基础设施\n对视频平台Rumble投资7.75亿美元\n通过XXI Capital和Tether Investments多元化投资组合\n"}]},{"type":"paragraph","children":[{"text":"💡 盈利模式："}]},{"type":"bulleted-list","children":[{"text":"\n31亿美元来自经常性业务运营\n26亿美元来自比特币和黄金持仓的市值收益\n国债利息收入为主要盈利来源\n维持全额储备的同时实现大规模盈利\n"}]},{"type":"paragraph","children":[{"text":"🌍 全球影响："}]},{"type":"bulleted-list","children":[{"text":"\n在150多个国家提供服务，特别是在拉美和非洲快速扩张\n在传统银行基础设施有限的地区充当可靠价值储存工具\n通过大规模国债购买支持美国货币政策目标\n"}]},{"type":"paragraph","children":[{"text":"⚖️ 监管环境："}]},{"type":"bulleted-list","children":[{"text":"\nGENIUS法案为美国市场提供更清晰框架\n欧洲MiCA法规带来部分限制，但管理层认为全球需求将抵消区域影响\nBDO会计师事务所季度认证确保透明度\n"}]},{"type":"paragraph","children":[{"text":"🔮 未来展望：\n随着传统金融机构和新兴市场对美元数字化基础设施需求增长，Tether的市场主导地位和盈利能力预计将持续强化。其作为美国国债重要持有者的地位，在全球去美元化讨论中反而凸显了其战略价值。"}]},{"type":"paragraph","children":[{"text":"阅读完整深度分析，了解更多投资策略和风险评估：👇\n"},{"type":"link","url":"https://blog.jucoin.com/tether-q2-2025-report-analysis/","children":[{"text":"https://blog.jucoin.com/tether-q2-2025-report-analysis/"}]},{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"Tether","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"USDT","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"稳定币","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"加密货币","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"区块链","children":[{"text":""}]},{"text":" "}]},{"type":"paragraph","children":[{"text":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n"}]}]