Key Points:
- Tether’s 2024 financial report highlights a net profit surpassing $13 billion.
- The report indicates U.S. Treasury holdings totaling $113 billion.
Tether financial report reveals a net profit exceeding $13 billion in 2024, with U.S. Treasury holdings reaching $113 billion and USDT issuance increasing by $45 billion.
Tether Financial Report Shows Record Profits
Tether’s net profit of over $13 billion in 2024 represents a milestone in the success story of the company. This performance underlines the strong financial health and good management of the assets of Tether.
The company’s profits underpin its ability to maintain liquidity and stability, reinforcing its position as a leading stablecoin issuer in the market. Tether’s strategic management of reserves has helped to build trust and ensure growth, according to Tether.
Read more: Tether-Backed Platform Rumble Excites Markets with First Bitcoin Purchase
Tether’s USDT Issuance Surges by $45 Billion in 2024
Tether’s USDT issuance surged by an astonishing $45 billion in 2024, reflecting the highly strong global demand for its stablecoin. This shows the increasingly important position and influence of Tether within the crypto market.
The huge rise in the issuance of USDT underlines the contribution of Tether to the support of the digital economy by providing a stable liquid asset for users and investors worldwide.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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