Tether posts record $13 billion profit in 2024, boosts reserves

• Tether Reports Record $13 Billion Profit in 2024
• Company's Treasury bond reserves reach $113 billion
• USDT maintains leadership with market cap of $136 billion

Tether ended 2024 with a record net profit of $13 billion, reinforcing its position as the largest broadcaster stablecoins in the world. With this performance, the company's total assets surpassed US$20 billion, further consolidating its presence in the digital financial sector.

Tether Hits $13 Billion Profits for 2024 And All-Time Highs in US Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation
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— Tether (@Tether_to) January 31, 2025

In addition to the impressive profits, the company also significantly increased its reserves, reaching a record $113 billion in US Treasury securities. This strategy strengthens Tether's liquidity and increases the security of the assets that guarantee the peg of USDT, the most widely used stablecoin globally.

Tether’s growth in 2024 was also driven by strong demand for stablecoins. The company issued a total of $45 billion in new tokens throughout the year, with $23 billion of that in the last quarter alone. This expansion has boosted USDT’s market cap to $136 billion, maintaining a large lead over its main competitor, USDC, which has a market cap of approximately $53 billion.

Tether CEO Paolo Ardoino highlighted that the numbers reflect the company’s solidity and its ability to adapt to a constantly evolving cryptocurrency market. “Tether’s latest certification reinforces our position as a global leader in financial transparency, liquidity and innovation,” he said.

In addition to the stablecoin sector, Tether has diversified its investments into strategic areas, such as Bitcoin mining, artificial intelligence, renewable energy and telecommunications. This expansion of the portfolio demonstrates the company's interest in exploring new technological fronts and securing sources of revenue beyond stablecoins.

The company also announced its integration with Bitcoin and the Lightning Network, strengthening its infrastructure in the crypto market. This move marks a step forward in the adoption of USDT as a means of transaction on decentralized networks, which could further boost its global use.

Another important step was the move of Tether’s headquarters to El Salvador. The country, which has adopted Bitcoin as legal tender, has become a hub for cryptocurrency companies, and Tether has secured a license to act as a stablecoin issuer and digital asset service provider in Salvadoran territory.

With the growing adoption of stablecoins, the total market for these assets is approaching $200 billion. Some projections indicate that this value could double by 2025, driven by the growing demand for stablecoins in emerging economies.

Tether continues to be the leading force among stablecoin issuers, expanding its global footprint and bolstering its reserves. With a highly profitable business model and strategic positioning, the company continues to cement its role in the crypto ecosystem.