Tether Unveils Robust 2024 Financial Report, Showcasing $13B Net Profit and $113B in Treasury Holdings

Tether has revealed an impressive financial report for 2024, showcasing its robust performance with a net profit surpassing $13 billion. The report, confirmed by BDO, an independent global accounting firm, highlights the company's growth and stability.

Stablecoin giant Tether has unveiled its 2024 financial report, showcasing robust performance with a net profit exceeding $13 billion. The report, confirmed by BDO, an independent global accounting firm, highlights the company’s growth and stability, with $113 billion in U.S. Treasury bond holdings, marking its highest ever level. The report also details how Tether maintained its dominance in the stablecoin market and strategically expanded its investment portfolio.

Record-Breaking Treasury Holdings and Profit Surge

Tether’s financial reserves saw a significant boost throughout 2024, with the company reaching a remarkable $45 billion in USDT issuance during the year. This was supported by an uptick in market uptake, which contributed to Tether’s position as one of the largest holders of U.S. Treasury bonds globally, with holdings surpassing $113 billion by the fourth quarter.

The company also made strategic investments in emerging sectors like renewable energy, Bitcoin mining, AI operations, telecommunications, and educational initiatives. These investments not only supported Tether’s market dominance but also contributed to its impressive $20 billion in group equity by the year’s end.

Substantial Investment Gains and Expanding Operations

Tether's investments in assets like gold and Bitcoin yielded unrealized profits of $5 billion. Moreover, traditional investments, U.S. Treasury holdings, and repo agreements provided an additional $7 billion in earnings. The company also garnered $1 billion from regular investments. These earnings underpinned Tether’s strong financial foundation and liquidity.

The company’s Q4 performance was especially outstanding, with $23 billion in USDT issued alone. Tether's total reserves grew by 36% year-on-year, securing a $7 billion excess reserve buffer, demonstrating the company’s financial strength and commitment to market stability.

El Salvador Headquarters and DASP License

Tether also made headlines with its expansion to El Salvador, where it established its new headquarters and secured a Digital Asset Service Provider (DASP) license. This move aligns with the company’s commitment to global financial inclusion and expanding its digital finance operations. CEO Paolo Ardoino also highlighted Tether's dedication to maintaining transparency and fostering trust with its users through secure services.

A Look at Tether's Growing Market Influence

With the continuous growth of its USDT stablecoin issuance and increased investment in both traditional and digital assets, Tether has cemented its position as the leading stablecoin issuer in the market. As the company continues to innovate and expand its portfolio, its strategic moves point to a promising future for Tether and its role in shaping the digital finance landscape.

Tether's 2024 report underscores its financial stability, operational transparency, and global reach, positioning the company as a key player in the cryptocurrency market and beyond.