Tether Reports Record $13 Billion Profit for 2024, Bitcoin and Gold Holdings Surge

Tether是世界上最大的Stablecoin USDT的發行人，報告了2024年創紀錄的130億美元利潤

Tether (USDT), the issuer of the world’s largest stablecoin, has announced a record-breaking profit of $13 billion for 2024, showcasing the company's financial strength amidst the surging prices of Bitcoin and gold.

Tether（USDT）是世界上最大的Stablecoin的發行人，宣布了2024年的創紀錄的130億美元利潤，在比特幣和黃金的價格上漲中展示了該公司的財務實力。

According to the latest financial report, a substantial portion of Tether's profits, amounting to $7 billion, can be attributed to U.S. Treasuries and repo holdings, which serve as the foundation of its reserve base. This performance is further bolstered by an additional $5 billion in unrealized appreciation from Tether's Bitcoin and gold assets, highlighting the significance of these key investments. Moreover, the company's other investments also contributed $1 billion to its overall earnings.

根據最新的財務報告，Tether的大部分利潤（總計70億美元）可以歸因於美國國庫和倉庫，這是其儲備基地的基礎。 Tether的比特幣和黃金資產的未實現的讚賞進一步增強了這一表現，突出了這些主要投資的重要性。 Moreover, the company's other investments also contributed $1 billion to its overall earnings.

To ensure transparency and attest to the company's asset reserves, Tether undergoes regular quarterly attestations. The latest attestation, conducted by BDO Italy, confirms that Tether holds $143.7 billion in assets to back its USDT stablecoins. This amount surpasses the $136.6 billion in liabilities, resulting in a surplus of $7 billion in reserves. Notably, Tether's treasury bills reserves have increased to $94.5 billion, showcasing its capacity to meet redemption demands and maintain financial stability.

To ensure transparency and attest to the company's asset reserves, Tether undergoes regular quarterly attestations. The latest attestation, conducted by BDO Italy, confirms that Tether holds $143.7 billion in assets to back its USDT stablecoins. This amount surpasses the $136.6 billion in liabilities, resulting in a surplus of $7 billion in reserves.值得注意的是，Tether的國庫券儲備已增加到945億美元，展示了其滿足贖回要求並保持財務穩定的能力。

Despite facing regulatory challenges, USDT remains the fourth-largest cryptocurrency by market capitalization, which currently stands at $140 billion. Tether's stablecoin plays a crucial role in digital asset trading, particularly in developing regions where it is extensively utilized for payments, remittances, and savings in U.S. dollars.

儘管面臨著監管挑戰，但USDT仍然是市場資本化的第四大加密貨幣，目前為1400億美元。 Tether的Stablecoin在數字資產交易中起著至關重要的作用，尤其是在開發區域中廣泛用於付款，匯款和儲蓄的地區。

However, Tether's market presence faces headwinds in Europe, where certain exchanges, including Crypto.com and Kraken, have delisted or announced plans to suspend USDT for European Union users in response to MiCA regulations. These regulatory changes have led to a reduction in the token's supply, impacting its use within the EU.

但是，Tether的市場業務面臨歐洲的逆風，其中某些交流（包括Crypto.com和Kraken）已將或宣布的計劃暫停了歐盟用戶以響應MICA法規的計劃。這些監管變化導致令牌供應減少，從而影響了歐盟內部的使用。

As Tether continues to expand its reserves, including increasing its Bitcoin holdings, the company remains a major player in the cryptocurrency landscape. While challenges related to regulatory compliance and market dynamics persist, Tether's ability to adapt and maintain a strong financial position suggests it will continue to be a key player in the evolving global cryptocurrency ecosystem.

隨著Tether繼續擴大其儲備，包括增加其比特幣持有量，該公司仍然是加密貨幣景觀的主要參與者。儘管與監管合規性和市場動態有關的挑戰仍然存在，但Tether適應和保持強大財務狀況的能力表明，它將繼續成為不斷發展的全球加密貨幣生態系統中的關鍵參與者。