Why is Tether 213% bigger than Circle but 8,000% more profitable?

Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
Circle has filed to go public and admits that it is 98% less profitable than Tether despite sharing a similar business model.
While the affected transactions come from distinct addresses, their transaction histories suggest they are from the same individual.
Garantex was sanctioned by the EU in February as it stepped up its efforts to bring an end to “Russia’s war of aggression against Ukraine.”
A crypto trader has claimed that Pakistan authorities kidnapped him and forced him to give up $340,000 worth of crypto.
The Justin Sun-advised crypto exchange received $500M USDT from Tether that it distributed to a variety of other addresses.