Exchanges· ★★★★· bullish·

Tether Reports $13 Billion Net Profit for 2024

  • —Full-year 2024 net profit reached $13 billion, with $6 billion in Q4
  • —U.S. Treasury holdings hit a record $113 billion
  • —USDT issuance totaled $23 billion in Q4 and $45 billion for the year
  • —Excess reserve buffer grew 36% to more than $7 billion
Why it matters: The profit and larger buffer reinforce confidence in USDT, but the lack of a full audit remains the biggest regulatory risk for the largest stablecoin.
#USDT
Source: CryptoTicker
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