Tether's 2024 Profits Hit $13B, U.S. Treasuries Holdings Soar Past $113B
Tether Holdings Limited has released its Q4 2024 assurance opinion, reaffirming its financial stability and transparency. According to BDO’s analysis, Tether had a record-breaking year, raking in $13 billion in annual profits and pushing its group equity past $20 billion.
▪︎ Total assets: $157.6 billion
▪︎ Liabilities: $137.6 billion
▪︎ Funds backing issued tokens: $143.7 billion
▪︎ Excess reserves: $7 billion (up 36% YoY)
▪︎ Newly issued USDT in 2024: $45 billion
▪︎ U.S. Treasuries exposure: $113 billion
With its U.S. Treasuries holdings at an all-time high, Tether has become one of the largest global holders of U.S. government debt.
The company also recorded $8 billion in unrealized gains from repo agreements and traditional investments, alongside $5 billion from $BTC and gold holdings.
Tether is expanding its reach beyond stablecoin issuance, investing in Bitcoin mining, alternative energy, AI, telecom, and education. While these ventures don’t contribute to its reserves, they underscore Tether’s growing influence in global finance.
A major regulatory milestone was also achieved with Tether International SA securing a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador, reinforcing its commitment to financial inclusion.
