2024

Bitcoin

Tether Holdings Limited has released its Q4 2024 assurance opinion, reaffirming its financial stability and transparency.<a href="https://tether.io/news/tether-hits-13-billion-profits-for-2024-and-all-time-highs-in-u-s-treasury-holdings-usd%e2%82%ae-circulation-and-reserve-buffer-in-q4-2024-attestation/" rel="noopener noreferrer nofollow">The report</a>, conducted by BDO, confirms that Tether achieved a record-breaking year, with $13 billion in annual profits and its group equity surpassing $20 billion.<h2 id="key-financial-highlights">Key Financial Highlights</h2><ul><li>Total assets: $157.6 billion</li><li>Total liabilities: $137.6 billion</li><li>Reserves backing issued tokens: $143.7 billion</li><li>Excess reserve buffer: $7 billion (+36% YoY)</li><li>Total USD₮ issued in 2024: $45 billion</li><li>U.S. Treasuries holdings: $113 billion (direct and indirect)</li></ul>Tether’s exposure to U.S. Treasuries reached an all-time high, making it one of the largest holders of U.S. government debt globally.Additionally, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> and gold holdings generated $5 billion in unrealized profits, while repo agreements and traditional investments contributed another $8 billion.<h2 id="expanding-beyond-stablecoins">Expanding Beyond Stablecoins</h2>Beyond stablecoin issuance, Tether has diversified into Bitcoin mining, renewable energy, AI, telecommunications, and education. These investments are not included in Tether’s reserves but demonstrate its expanding role in global finance.In a major regulatory milestone, Tether International SA received a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador, reinforcing its commitment to financial inclusion.

Tether Reports $13B in Profits for 2024, Surpasses $113B in U.S. Treasuries

Table of Contents

crypto.ro English

Other articles published on Jan 31, 2025

Weekly Article Recap: 1/20-1/24

Grayscale Launches Dogecoin Trust to Expand Financial Access

Circle Mints Another 250M $USDC Through Solana to Fulfill Increasing Demand

Lido Primer

Crypto Analyst Predicts XRP Price Surge To $6.4 As The Coin Rallies Again While FXGuys ($FXG) Is ...

Apple records an all-time high revenue of $124.3 billion for quarter ending Dec 2024

Join our free newsletter for daily crypto updates!