Tether achieved a record profit of $2.5 billion for the third quarter of 2024, leading to a total revenue of $7.7 billion for nine months! 🚀 According to BDO, as of September 30, 2024, the company had $134.4 billion in assets and $14.2 billion in equity. The market capitalization of USDT reached $120 billion, reflecting the growing demand for the stablecoin.

Tether's reserves include over $105 billion in cash and equivalents, of which $102.5 billion is invested in U.S. Treasury bonds. The company also increased its reserve buffer to $6 billion and realized $1.1 billion in unrealized profits from gold.

Tether Investments invested $7.7 billion in various sectors, including renewable energy and Bitcoin mining, and owns 7,100 BTC. CEO Paolo Ardoino noted that the Q3 2024 results highlight the company's commitment to transparency and risk management.

In the face of accusations from the Wall Street Journal regarding possible sanctions violations, Ardoino called them "old noise" and confirmed cooperation with law enforcement. 💼