Tether 獲利飆漲：淨利飆升至 $4.52B，淨資產達 $11.37B

全球最大穩定幣 USDT 發行商 Tether Holdings 公佈 2024 年第一季淨利潤 45.2 億美元。來自營業利潤，35.2 億美元來自比特幣和黃金部位收益。截至3 月31 日，負債為1,040 億美元，而其準備金超出負債62 億美元。價格下跌，但未實現利潤為20 億美元。

Tether's Mammoth Earnings Surge: Net Income Soars to $4.52 Billion, Net Equity Reaches $11.37 Billion

Tether 獲利暴增：淨利潤飆升至 45.2 億美元，淨資產達 113.7 億美元

Tether Holdings, the behemoth behind the globally dominant stablecoin Tether (USDT), has unveiled an astounding financial performance in the first quarter of 2024, shattering records with a net profit of $4.52 billion. This unprecedented surge represents an exponential leap from the previous quarter, demonstrating the company's exceptional financial acumen.

全球主導的穩定幣 Tether（USDT）背後的巨頭 Tether Holdings 公佈了 2024 年第一季令人震驚的財務業績，以 45.2 億美元的淨利潤打破了記錄。這一前所未有的激增代表了上一季的指數級飛躍，展現了該公司非凡的財務智慧。

In a landmark disclosure, Tether has also unveiled its net equity for the first time, revealing a colossal $11.37 billion as of March 31. This staggering figure eclipses the $7.01 billion recorded at the close of December 2023, a testament to Tether's unparalleled growth trajectory.

在一項具有里程碑意義的披露中，Tether 還首次公佈了其淨資產，截至3 月31 日，淨資產高達113.7 億美元。證明了Tether 無與倫比的成長軌跡。

An in-depth examination of Tether's earnings reveals a fascinating breakdown. Approximately $1 billion of its operating profit stemmed from the astute management of its United States Treasury holdings, demonstrating the company's adeptness in navigating complex financial markets. The remaining $3.52 billion was accrued through market-to-market gains on Tether's strategic Bitcoin (BTC) and gold positions, highlighting the company's foresight in diversifying its investment portfolio.

對 Tether 收益的深入研究揭示了令人著迷的細分。其約 10 億美元的營業利潤源自於其持有的美國國債的精明管理，這表明該公司在複雜的金融市場中駕馭的能力。剩下的 35.2 億美元是透過 Tether 戰略性比特幣 (BTC) 和黃金頭寸的市值收益獲得的，凸顯了該公司在多元化投資組合方面的遠見。

Tether's USDT, the undisputed king of stablecoins, continues to reign supreme with a staggering valuation exceeding $110 billion, according to CoinMarketCap data. The company's relentless issuance of USDT, totaling $12.5 billion in the first quarter of 2024 alone, underscores its unwavering commitment to serving the burgeoning blockchain ecosystem.

根據 CoinMarketCap 的數據，Tether 的 USDT 是無可爭議的穩定幣之王，以超過 1100 億美元的驚人估值繼續佔據主導地位。該公司不斷發行 USDT，僅 2024 年第一季就發行總額達 125 億美元，突顯了其對服務新興區塊鏈生態系統的堅定承諾。

Tether's financial prowess is further underscored by a $1 billion increase in its excess reserves, which now stand at a robust $6.3 billion. This strategic buffer serves as a formidable safety net to support Tether's stablecoin offerings, ensuring their unwavering stability and reliability.

Tether 的超額準備金增加了 10 億美元，目前已達 63 億美元，這進一步凸顯了 Tether 的財務實力。這個戰略緩衝區充當了強大的安全網，支持 Tether 的穩定幣產品，確保其堅定不移的穩定性和可靠性。

A meticulous analysis of Tether's balance sheet reveals over $104 billion in liabilities related to digital tokens issued. However, the company's reserve assets outshine its liabilities by an impressive margin, with a surplus of over $6.2 billion as of March 31. This resounding affirmation of Tether's financial strength instills unparalleled confidence in its operations.

對 Tether 資產負債表的仔細分析顯示，與發行的數位代幣相關的負債超過 1,040 億美元。然而，該公司的儲備資產遠遠超過其負債，截至 3 月 31 日，盈餘超過 62 億美元。

In a remarkable display of dominance, Tether remains the seventh-largest Bitcoin holder globally, with its "bc1q" wallet boasting a formidable 75,354 BTC, valued at over $4.38 billion, according to the esteemed on-chain intelligence platform Arkham Intelligence. Tether's strategic acquisition of 8,888 Bitcoin worth $626 million from Bitfinex on March 31 further solidifies its position as a formidable player in the Bitcoin market.

根據著名的鏈上情報平台Arkham Intelligence 的數據，Tether 仍然是全球第七大比特幣持有者，其「bc1q」錢包擁有數量驚人的75,354 比特幣，價值超過43.8 億美元，顯示出顯著的主導地位。 Tether 於 3 月 31 日從 Bitfinex 策略中收購了 8,888 個比特幣，價值 6.26 億美元，進一步鞏固了其作為比特幣市場強大參與者的地位。

BitInfoCharts ranks Tether's "bc1q" address as the seventh-largest Bitcoin holder, a testament to the company's unwavering faith in the asset's long-term potential. Tether's prudent investment strategy includes allocating 15% of its net profit to Bitcoin acquisitions, a move that further diversifies the stablecoin's backing assets.

BitInfoCharts 將 Tether 的「bc1q」地址列為第七大比特幣持有者，這證明了該公司對該資產長期潛力的堅定信心。 Tether 審慎的投資策略包括將淨利潤的 15% 用於比特幣收購，此舉進一步使穩定幣的支援資產更加多元化。

Despite the recent volatility in the Bitcoin market, Tether is sitting on an unrealized profit of over 91%, amounting to a staggering $2 billion, according to the CoinStats portfolio tracker. This remarkable resilience in the face of market fluctuations speaks volumes about Tether's robust risk management practices and its relentless pursuit of financial stability.

根據 CoinStats 投資組合追蹤器的數據，儘管近期比特幣市場波動較大，但 Tether 的未實現利潤仍超過 91%，達到驚人的 20 億美元。這種面對市場波動的非凡韌性充分說明了 Tether 穩健的風險管理實踐及其對金融穩定的不懈追求。

In conclusion, Tether's exceptional financial performance in the first quarter of 2024 is a resounding testament to the company's unwavering dedication to excellence. With a record-breaking net profit, soaring net equity, and an unwavering commitment to supporting the blockchain ecosystem, Tether stands as a beacon of stability and innovation in the rapidly evolving digital asset landscape.

總而言之，Tether 在 2024 年第一季出色的財務表現充分證明了該公司對卓越的堅定不移的奉獻精神。憑藉破紀錄的淨利潤、飆升的淨資產以及對支持區塊鏈生態系統的堅定承諾，Tether 成為快速發展的數位資產領域中穩定和創新的燈塔。