Tether Reports $13 Billion in 2024 Profits, Hits All-Time High in U.S. Treasuries and Reserves

Tether Hits All-Time Highs in U.S. Treasury Holdings

Tether Holdings Limited has released its Q4 2024 attestation, confirming record-breaking financial performance with net profits exceeding $13 billion for the year. The report, conducted by BDO, highlights all-time highs in U.S. Treasury holdings, USDT circulation, and reserve buffers.

Tether’s U.S. Treasury exposure reached $113 billion, making it one of the largest holders globally, reinforcing its liquidity and stability. The company’s excess reserve buffer also surpassed $7 billion, marking a 36% year-over-year increase and further strengthening its financial resilience.

USDT issuance saw significant growth, with $23 billion issued in Q4 alone and a total issuance of $45 billion for 2024. This figure nearly matches the entire market cap of the second-largest stablecoin, reaffirming USDT’s dominance in the stablecoin sector.

Tether also recognized $5 billion in unrealized profits from its gold and bitcoin holdings, while treasuries and repo agreements contributed $7 billion.

Additionally, Tether secured a Digital Asset Service Provider (DASP) license in El Salvador, where it has now established its headquarters to advance financial inclusion and innovation.

CEO, Paolo Ardoino shared his thoughts on another remarkable year for Tether.

Tether’s Q4 2024 attestation reinforces our position as a global leader in financial transparency, liquidity, and innovation. With U.S. Treasury holdings surpassing $113 billion, Tether continues to set the gold standard for stability and trust in the digital assets space. Our licensing milestone in El Salvador and investments in transformative sectors further highlight our unwavering commitment to driving financial inclusion and resilience.