Tag: Tether financial report

January 31, 2025

Tether Reports Record $13 Billion Profit in 2024, Driven by Bitcoin and Gold Price Surge

Business, Cryptocurrency

Tether, the issuer of the world’s largest stablecoin USDT, has announced a record-breaking $13 billion in group-wide net profits for 2024. The remarkable financial performance was largely fueled by the company’s extensive holdings in U.S. Treasuries, rising Bitcoin (BTC) prices, and gold investments. With this achievement, Tether continues to solidify its position as a dominant…

Written by

Rishi Vakil