Tether Achieves Record $13 Billion Profit in 2024
- Tether’s net profits for 2024 exceeded $13 billion, increasing total group equity to over $20 billion.
- The company’s US Treasury holdings reached a record $113 billion by December 31, enhancing its liquidity.
- In 2024, Tether issued $45 billion in USD₮ tokens, with a market cap rising to $140 billion by January.
- Tether’s reserves for issued tokens totaled $143 billion, with a surplus of $7 billion.
- The company expanded into Bitcoin mining, AI, renewable energy, and telecommunications sectors.
Tether’s financial performance in 2024 solidified its position as the leading stablecoin issuer, with significant profits and substantial US Treasury holdings underscoring its market dominance and liquidity strength.
Source (2.6)https://cryptobriefing.com/tether-crypto-dominance-us-treasury/?rand=59535
