Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation
Today, Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a leading global independent accounting firm. The most recent attestation reaffirms the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held as reserves for the issued tokens as of December 31, 2024.
Building on the extraordinary performance of 2024, Q4 marked several all-time highs for the company, with yearly net profits exceeding $13 billion. Group equity surged past $20 billion, reflecting the company’s continued dominance and commitment to strategic investments across emerging industries such as renewable energy, Bitcoin mining, AI, telecommunications, and education.
A highlight of the quarter is Tether’s increase...