Odaily Planet Daily reported that Tether stated in its latest Q3 financial report that the group's net profit for the third quarter of 2024 is $2.5 billion, with an annual profit of $7.7 billion, group equity reaching $14.2 billion, and total consolidated assets amounting to $134.4 billion— all of which are historical highs. At the same time, the circulation of stablecoins issued by Tether has reached nearly $120 billion. In terms of reserves, Tether now holds more than $105 billion in cash and cash equivalents, with direct and indirect exposure to U.S. Treasury bonds as high as $102.5 billion, making Tether one of the top 18 holders of U.S. Treasury bonds globally.