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Tether Reports $13B Profit in 2024 as Reserves Soar to $157.6B

February 1, 2025
in Crypto News
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  • Tether’s 2024 report shows $13 billion in profit and reserves reaching $157.6 billion, reinforcing its dominance in the stablecoin market.
  • Tether strengthens its financial position with record-high reserves, strategic investments, and growing U.S. Treasury holdings in its latest Q4 report.

The latest audit report from BDO, an independent global accounting company, shows Tether Holdings Limited’s expanding reserves. Tether’s overall consolidated assets as of December 31, 2024, came out to be $157.6 billion with $137.6 billion of liabilities.

Tether: Increasing Profit and Reserves

Tether generated a net profit of more than $13 billion throughout 2024. On the other side, the company’s equity surged to $20 billion also. Imagine if a stablecoin corporation could log such a number in only one year. This is clearly not a coincidence but the result of a careful strategy in managing reserves and expanding into various strategic sectors.

Not stopping there, Tether also raised its visibility to $113 billion by means of US Treasuries. Tether has become one of the biggest holders of US Treasuries worldwide with this amount. This shows that the corporation guarantees the stability of its cash in addition to its concentration on commercial expansion. Tether CEO Paolo Ardoino stated:

“This Q4 report reaffirms Tether’s position as a global leader in financial transparency, liquidity, and innovation. With growing reserves and investments in new sectors, we continue to set the standard for trust in the digital asset industry.”

Surge in USDT Issuance and Additional Reserves

With almost equal total market capitalization to the second-largest stablecoin, Tether issued more than $45 billion in USDT during 2024. Not only that, Tether’s reserve buffer presently rises 36% year-on-year and approaches $7 billion.

Moreover, Tether’s gold and Bitcoin assets brought unrealized profits of over $5 billion. Bonds and repo agreements gave $7 billion; other traditional investments added $1 billion to their balance sheet.

License in El Salvador: A New Step Towards Global Expansion

As previously mentioned in our report, Tether International SA de C.V. has been licensed in El Salvador as a stablecoin issuer and digital asset service provider (DASP) in line with its worldwide development. This action not only gets an operational license but also shows Tether’s growing seriousness about broadening its commercial presence in the digital banking sector.

Tether is enhancing its goal to propel financial inclusion via blockchain technology by establishing El Salvador as its new headquarters.

Is This a Signal for a Bull Run in 2025?

Imagine if the main determinant of crypto market movements were the stability and capitalizing growth of stablecoins like as USDT. Early indicators of a significant bull run in past cycles have often been fluctuations in stablecoin issuing.

Could this be the beginning of a crypto market surge in 2025 now that reserves are rising, traditional asset exposure is rising, and Bitcoin ownership is rising? Many analysts feel that investor confidence directly relates to Tether’s stability. If this trend continues, it is not impossible that we will see a major rally in the near future.

However, there are still macroeconomic and regulatory factors to consider. The market is still dynamic, and anything can happen.


Credit: Source link

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