Tether, the largest stablecoin issuer, reported a record-breaking profit of over $13 billion for 2024, doubling its 2023 earnings. With a market capitalization exceeding $139 billion, Tether's success highlights the profitability of issuing stablecoins backed by fiat collateral like U.S. Treasuries.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.
