Tether Holdings LTD. is a major StableCoin publisher around the world, reporting the tremendous $ 13 billion profits in 2024, making profits of the company more than part of Wall Street’s top investment banks. I’m raising it. This extraordinary profit emphasizes the demands that are booming stubcoin, especially the tethers of the USDT token. However, despite these amazing profits, tethers continue to face criticism due to complete transparency and comprehensive audit, causing concerns between regulatory authorities and financial analysts.
Key takes
The teth reported a record of 13 billion dollars in 2024. The market capitalization of USDT reaches $ 143 billion, reflecting the increase in demand. The tether has published a $ 23 billion USDT in the last quarter of 2024. The company has more than $ 113 billion US government bonds and contributes to profitability. Continuous transparency causes concerns between regulatory authorities and analysts.
The impressive financial growth of the tethers in the cryptobibur market
The StableCoin market has experienced an exponential growth while driving on the ongoing Crypto Bull, which is the forefront of this surge. In the last quarter of 2024, the tethers issued a tremendous $ 23 billion of $ 23 billion of $ 23 billion in USDT, and to change into these digital assets to change to these digital assets. I emphasized that it is stable in a stable market.
Tether’s significant benefits are both directly and indirectly due to the Ministry of Finance, including more than $ 113 billion in US government bonds. The company’s increase in exposure to the US Treasury has provided stable flows on interest income and greatly contributed to profitability. The tethers have claimed that they have over $ 7 billion surplus and further strengthen their dominant players in the StableCoin market.
Transparency problem and scrutiny increase
Despite the impressive financial performance of the tethers, the lack of transparency of the company is still a major concern. Tether does not release an audit annual financial report, but instead selects to disclose a quarterly proof via a global accounting office, BDO. These proofs provide only the company’s fiscal snapshots and have not answered many questions regarding the quality and liquidity of the tethers.
This opaque has caused concerns among regulatory authorities, market participants, and analysts. Analysts remain uncertain about the ability to meet the important redemption demands of tethers during market instability. The lack of a complete audit, especially the stubcoin scrutiny, raises questions about the stability of tethers reserves and its long -term sustainability.
Connection with US financial sector
The influence of tethers in the US financial ecosystem has recently been emphasized in the confirmation of the confirmation of Howard Lutnick, the CEO of Cantor Fitzgerald LP, a major financial institution that has a connection with tethers. LUTNICK has stated that Cantor Fitzgeral has a converted bond with Tether and supports the idea that StableCoins like USDT works independently.
This revelation is particularly paying attention to the connections of tethers with US financial worlds, especially in terms of stubcoin in a wider wider financial system. Although the existence of tethers in the US market remains limited, partnerships with influential financial players such as Cantor Fitzgerald may continue to increase their influence in conventional finance. It suggests.
The tether moves to El Salvador
In a strategic movement to strengthen global being, tethers have officially relocated legal headquarters to Elsarvador, a country known for its cipher -friendly stance. As of January 2025, Tether International SA has become the only official official of USDT and further strengthen its commitment to the operation of the rapid growing crypto ecosystem of El Salvador.
This relocation also shows tethers’ desire to strengthen the scaffolding in countries that have established their position as leaders of adoption adoption. El Salvador created a headline by becoming the first country that adopted bitcoin as a legal currency in 2021. At present, the decision of the tethers, which is the basis of the operation, reflects the growing importance of El Salvador in global crypto scenery.
Conclusion
The record is $ 13 billion, and the market capitalization is $ 143 billion, so tethers are dominant forces in the stubcoin market. However, as Stabcoin gained attention in regulatory authorities, especially in the United States, the need for transparency and clearer financial disclosure became a problem. Tether’s impressive financial results show the ability to utilize the growing demand of StableCoins, but questions surrounding the reserves and regulations continue to be shadowed in the future.