Thesis: Tether reached new heights in the third quarter of 2024!

📈 In the report for the third quarter of 2024, Tether reported record figures:

- Net profit: $2.5 billion

- Consolidated profit for 9 months: $7.7 billion

- Equity: $14.2 billion

- Total assets: $134.4 billion

💡 Growth in demand for USDT:

- USDT circulation grew by almost 30%

- Tokens worth $27.8 billion issued this year

🔍 Reserves:

- $105 billion in cash and equivalents

- $102.5 billion in US Treasury bonds

Tether has also invested in startups across various industries, including renewable energy and artificial intelligence.

What do you think about the future of Tether and cryptocurrencies? Share your thoughts in the comments! 💬