Tether – the largest stablecoin issuer in the world – has just announced a record profit of 13 billion USD in 2024, more than double the 6.2 billion USD in 2023. This is an incredible milestone, bringing Tether closer to the profit levels of Wall Street giants like Goldman Sachs (14.28 billion USD in 2024).
Tether is dominating the stablecoin market
With the strong development of the crypto market and the growing demand for #stablecoin usage, Tether has seized the opportunity to expand its influence. USDT – the most popular stablecoin in the world – currently has a market capitalization of over 139 billion USD, playing a crucial role in connecting traditional finance with the cryptocurrency market.