Tether hits record $13B profits in 2024, reinforcing stablecoin dominance

Tether’s Big Win: Printing Profits and Piling Up Treasuries!

Ever wondered if those stablecoins everyone’s talking about are actually, well, stable? Well, Tether, the biggest name in the stablecoin game, just dropped a report that’s got the crypto world buzzing – and for good reason! Their Q4 2024 report is out, and the numbers are eye-popping, showing just how much this digital dollar is dominating the scene.

Tether’s latest report reveals a staggering $13 billion profit and a massive $113 billion stash in US Treasuries. This cements Tether’s position as a crypto powerhouse and highlights the growing strength of stablecoins.

According to a report initially published by Crypto Briefing, Tether isn’t just surviving; it’s thriving. The source indicated that the company raked in a whopping $13 billion in profits in the last quarter of 2024. Yes, you read that right – billions! This isn’t pocket change; it’s a serious statement about the health and profitability of the stablecoin market, and especially Tether’s leading role within it.

Surplus City: $7 Billion Extra in the Bank

But the good news doesn’t stop there. The report also revealed a $7 billion surplus. Think of it like having an extra $7 billion sitting in your crypto bank account – pretty impressive, right? The source explained that this surplus acts as a buffer, further strengthening Tether’s reserves and ensuring it can confidently back its USDT stablecoin, which is pegged to the US dollar. This kind of financial muscle is exactly what users want to see when they’re relying on a stablecoin to hold its value.

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Treasury Titans: $113 Billion in US Government Bonds

And where is all this money going? Well, a significant chunk is parked in something pretty traditional: US Treasuries. The source revealed that Tether is now holding a massive $113 billion in US Treasury bills. That’s a huge vote of confidence in – and connection to – the traditional financial system. This move towards secure, liquid assets like Treasuries is likely aimed at reassuring users about the stability and backing of USDT. It shows Tether is not just playing in the crypto sandbox, but also engaging with established financial instruments on a grand scale.

In short, Tether’s latest report paints a picture of a company not just growing, but absolutely booming.

Source: Tether Crypto Dominance Us Treasury | Cryptobriefing.com

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