No Bullshit Bitcoin on Nostr: Tether reports $13 billion in net profits for 2024 According to a Q4 and year-end ...
Tether reports $13 billion in net profits for 2024
According to a Q4 and year-end attestation published on Friday, the stablecoin issuer generated $13 billion in net profits for 2024, including $6 billion in Q4 alone.
Tether also saw its direct and indirect exposure to US Treasuries reach a record high of $113 billion, and its excess reserves soared past $7 billion, marking a 36% year-over-year increase.
The firm also increased its bitcoin holdings to nearly 84,000 BTC valued at ~$7.8 billion by the end of 2024.
Source: https://assets.ctfassets.net/vyse88cgwfbl/6L2yLNnLltcCP6ZcTxJrll/aea0ec279fea08637445c8be57f63d87/ISAE_3000R_-_Opinion_on_Tether_Consolidated_Financials_Figures_31.12.2024.pdf
According to a Q4 and year-end attestation published on Friday, the stablecoin issuer generated $13 billion in net profits for 2024, including $6 billion in Q4 alone.
Tether also saw its direct and indirect exposure to US Treasuries reach a record high of $113 billion, and its excess reserves soared past $7 billion, marking a 36% year-over-year increase.
The firm also increased its bitcoin holdings to nearly 84,000 BTC valued at ~$7.8 billion by the end of 2024.
Source: https://assets.ctfassets.net/vyse88cgwfbl/6L2yLNnLltcCP6ZcTxJrll/aea0ec279fea08637445c8be57f63d87/ISAE_3000R_-_Opinion_on_Tether_Consolidated_Financials_Figures_31.12.2024.pdf