The tethers issued more than $ 23 billion USDT in the fourth quarter.
Tether Holdings Limited has published the 4th quarter warranty report in 2024. This latest verification checks the accuracy of Tether’s consolidated report (CRR), and describes the assets that protect the token assets issued as of December 31, 2024.
After a strong year, in the fourth quarter, tethers achieved some record high prices. The company’s annual net income has risen for over $ 13 billion, and its group equity has increased over $ 20 billion. This growth shows the advantage of tethers and the focus on the increase departments such as renewable energy, bitcoin mining, AI, telecommunications, and education.
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This quarterly highlights have increased investment in the US Treasury, which has reached the highest ever and indirectly $ 113 billion in history. As a result, tethers are one of the largest global holders of the US Treasury.
In addition, tethers’ spare buffers exceeded $ 7 billion for the first time and increased by 36 % a year.
In the fourth quarter, Tether issued more than $ 23 billion USDT, gaining a total of $ 45 billion per year. The total issue is almost the same as the second largest StableCoin USDC market capitalization.
Bitcoin ass has billions of profits to tethers
The tethers have achieved these milestones and have benefited from investing in gold and rising bitcoin prices. In addition, investments in the Ministry of Finance and the repurchase contract have donated $ 7 billion, and other conventional investments have been added more than $ 1 billion.
Tether has the first bitcoin holding in the last quarter since March, with the value of about 84,000 BTC worth about $ 7.8 billion at the end of the year.
Tether USDT is a market capitalization of $ 140 billion and is ranked as the fourth largest cryptocurrency. This is an important part of Crypto Asset Trading Infrastructure, and is becoming increasingly popular in developing areas to pay, remittance, and save on US dollars.
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However, with the EU’s new MICA regulations, tokens have decreased because some exchanges have announced their plans to abolish the USDT or to stop providing them to EU users.
This year, the company announced a plan to relocate the headquarters to El Salvador. This central American country led by President Nayib Bukele, a bitcoin -friendly, is becoming a growing hub.