{"id":148266,"date":"2025-02-01T16:00:38","date_gmt":"2025-02-01T14:00:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148266"},"modified":"2025-02-01T12:26:26","modified_gmt":"2025-02-01T10:26:26","slug":"tether-reports-13b-profit-in-2024-expands-us-treasury-holdings","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/tether-reports-13b-profit-in-2024-expands-us-treasury-holdings\/","title":{"rendered":"Tether Reports $13B Profit in 2024, Expands US Treasury Holdings"},"content":{"rendered":"<p>The company now <strong><a href=\"https:\/\/tether.io\/news\/tether-hits-13-billion-profits-for-2024-and-all-time-highs-in-u-s-treasury-holdings-usdt-circulation-and-reserve-buffer-in-q4-2024-attestation\/\">holds<\/a> <\/strong>approximately $113 billion in US government bonds, reinforcing its claim that each <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>is backed by liquid dollar-denominated assets.<\/p>\n<p>By the end of 2024, USDT\u2019s market capitalization reached $137 billion, while Tether\u2019s total reserves exceeded $143 billion, according to an independent attestation by BDO. The firm\u2019s net equity stands at $20 billion, reflecting its strong financial position. Throughout the year, Tether issued $45 billion in new USDT, with $23 billion minted in the fourth quarter alone.<\/p>\n<p>In addition to government bonds, Tether has expanded its holdings in Bitcoin and gold, with crypto investments contributing $5 billion to its annual earnings. The company also secured a digital asset service provider license in El Salvador, establishing its headquarters in the country.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-analyst-predicts-extended-bull-run-bitcoin-and-ethereum-eye-record-highs\/\" title=\"Crypto Analyst Predicts Extended Bull Run, Bitcoin and Ethereum Eye Record Highs\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/05\/bulllll123-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Analyst Predicts Extended Bull Run, Bitcoin and Ethereum Eye Record Highs<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Beyond stablecoins, Tether is diversifying its focus, directing profits toward sustainable energy, Bitcoin mining, AI infrastructure, telecommunications, neurotechnology, and education.<\/p>\n<p>Despite its financial success, USDT\u2019s market dominance declined to 65% in 2024, as competition from Circle\u2019s USDC intensified. USDC\u2019s market cap reached $52 billion, with a strong presence on Solana, where it now represents 78% of the stablecoin supply. USDT\u2019s position in centralized exchanges remains firm, holding 82% of the market, but concerns over Tether\u2019s compliance with European crypto regulations have contributed to USDC\u2019s rising influence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether recorded an unprecedented $13 billion in profits last year, fueled by the increasing demand for its USD-pegged stablecoin, USDT.<\/p>\n","protected":false},"author":3,"featured_media":24208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-148266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Reports $13B Profit in 2024, Expands US 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