TL;DR
- Tether reported a net profit exceeding $13 billion in 2024, consolidating its financial strength and gaining trust among users and investors.
- The issuance of USDT increased by $45 billion due to strong global demand, reinforcing its leadership in the stablecoin market.
- Additionally, it raised its U.S. Treasury holdings to $113 billion, strengthening its liquidity and financial stability globally.
Tether has closed 2024 with impressive financial results. The company reported a net profit of over $13 billion. This figure demonstrates its financial strength and the success of its asset management. The company has grown significantly, gaining trust from both users and investors.
The issuance of USDT experienced a remarkable increase of $45 billion last year. This growth is attributed to the high global demand for the stablecoin, solidifying Tether’s position as the leader in the stablecoin market. The increase in USDT issuance and thus its adoption reveals the central role the company plays in the crypto market.
Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation
Read more: https://t.co/1CRfIK5XR0— Tether (@Tether_to) January 31, 2025
Another crucial aspect of Tether’s financial results in 2024 is the increase in its holdings of U.S. Treasury bonds. The company reached $113 billion in these assets, making it one of the largest holders of U.S. Treasuries globally. This strategy is the mechanism through which the company strengthens its liquidity and financial stability, key aspects to ensure the trust of its users.
Tether: Consolidated Success and Financial Strength
In addition to its excellent financial results, Tether has shown a clear focus on innovation. During the last quarter of 2024, the company recorded a significant increase in its equity, surpassing $20 billion. It has also expanded its presence in emerging sectors, making investments in renewable energy, Bitcoin mining, artificial intelligence, telecommunications, and education.
Another significant achievement is surpassing $7 billion in its reserve buffer, a 36% increase from the previous year. This additional reserve highlights Tether’s financial strength and its ability to face any market challenges. Furthermore, the company continues to work on its financial transparency, with detailed reports on its reserves and assets.
Finally, Tether has obtained a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador. This license will be crucial for advancing its goal of promoting financial inclusion globally, offering innovative solutions worldwide
