After an audit process for 2024, Tether Holdings Limited, the company behind the USDT USDT Stablin of USDT, reported an annual net gain that exceeds $ 13 billion and obtained high records of all time in the fourth quarter, according to the Global Bdo Independent Accounting Firm.
What is the meaning? According to Tether, the audit findings reaffirm the precision of their consolidated reservation report and provide a detailed breakdown of the assets maintained as reservations for the tokens issued.
Key details: The gain obtained makes the company’s value exceed $ 20 billion.
- However, it should be taken into account that the Auditor report By BDO it is called a “group capital”, which is the sum of the value of the company itself and its subsidiaries considered as a totality.
- For Tether, this growth in group equity resulted from investments in emerging sectors such as renewable energy, bitcoin mining, artificial intelligence, telecommunications and education.
The gain: The auditor’s report detailed the contribution of profits of $ 13 billion tether as follows:
- $ 7 billion of treasure bonds and US repository agreements.
- $ 5 billion of Gold and Bitcoin ($ BTC) Holdings
- $ 1 billion of traditional investments
P4 2024 Milestones: Only in the fourth quarter of 2024, Tether achieved record numbers:
- Approximately $ 113 billion in direct and indirect holdings of Treasury Bonds of the United States (bonds issued by the United States government).
- Tether’s excess reserve buffer exceeded $ 7 billion for the first time, marking an annual increase of 36%.
- Issued more than $ 23 billion in new USDT tokens, which represents half of the total of $ 45 billion issued in 2024.
For the numbers: Other Financial Data of Tether as of December 31, 2024:
- $ 157.6 billion: Total consolidated assets of the group
- $ 137.6 billion:Total consolidated liabilities of the group
- $ 143,704,755,547: Backup reserves of anchor tokens in circulation
- $ 136,617,485,006: Liabilities of companies that emit tied tokens
- Of which $ 136,613,782,874 Specifically relate to digital tokens issued
- $ 7,087,270,541: Amount for which reserve assets exceeded the liabilities of ornaments issuance companies
Key event:
“The Testament of Tether’s fourth quarter in Tether’s fourth quarter reinforces our position as a world leader in financial transparency, liquidity and innovation. With the United States Treasury, exceeding $ 113 billion, a reserve shocker exceeding $ 7 billion and $ 45 billion in a new tokens issuance for the year, Tether continues to establish the gold standard for stability and confidence in the space of digital assets. The group capital exceeded $ 20 billion. Our license milestone in El Salvador and investments in transformative sectors further highlight our unwavering commitment to boost financial inclusion and resistance. ”
Paolo Ardoino, Executive Director, Tether
Zoom out: Recently, Tether relocated his headquarters in El Salvador after obtaining licenses as a stablcoin issuer and digital asset services provider in the country.
It is worth reading: Also in 2024, Tether said that $ USDT has reached a new milestone, with 109 million chain wallets that support the stable.
- $ USDT was also launched on the Open Red, the blockchain used for Telegram Minipaps, as announced by the CEO of Tether, Paolo Ardoino, and the founder of Telegram Pavel Durov during Token2049.
- In the Philippines, Tether collaborated with local cryptography exchange coins. PH in the objective of advancing in financial education in the Philippines, focusing on blockchain, Bitcoin and Stablecoins technologies, offering a variety of educational programs, including workshops, online campaigns and cuemtos.
This article is published in Bitpins: $ USDT Issuer Tether records $ 13b of profit only in 2024
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