Tether marks $13b profit in 2024, T-Bill holdings at ATH

Tether declared a net profit of $ 13 billion in 2024, driven by its companies, including the emission of the USDT, the largest stablecoin on the cryptography market.

TETHER, the emitter of the largest stable of the crypto (USDT), generated $ 13 billion in profits last year in the middle of an increased climbing of digital assets and a new summit of all time in American cash bills held as reserves for his token.

Friday, January 31, the quarterly certificate of the company provided By the independent accounting firm BDO Italia has shown a value of $ 94.5 billion, a new record. TETHER generated $ 7 billion in profits from its US Treasury holdings and $ 5 billion in unrealized Bitcoin profits (BTC) and gold investments.

At the end of last year, Tether increased his Bitcoin holdings to around 84,000 Bitcoin, valued at nearly $ 8 billion. This has marked its first purchase of Bitcoin since March. According to the certificate, the remaining $ 1 billion come from other investments.

TETHER operates USDT, the dominant stablecoin with a market capitalization of $ 140 billion. This makes the company a key player in cryptographic transactions. According to a study by the American Treasury, more than 80% of cryptographic transactions involve stablecoin, such as the USDT.

Despite its importance, the USDT and its transmitter face challenges on European markets due to regulatory changes. Tether had a hard time complying with the framework of European Union market regulations in crypto assets, resulting in a drop in confidence between exchanges.

Several platforms, including Coinbase, have scraped USDT for European users awaiting compliance changes.

TETHER also transferred its base of operations to Salvador after obtaining a Crypto license from the Pro-Bitcoin country. The entity provides for establish a head office in the BTC nation and invest More resources in artificial intelligence.