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    Home»Altcoins»Tether Experiences $13B Revenue in 2024, Expands US Treasury Holdings
    Tether Experiences B Revenue in 2024, Expands US Treasury Holdings
    Altcoins

    Tether Experiences $13B Revenue in 2024, Expands US Treasury Holdings

    By Crypto EditorFebruary 1, 2025No Comments2 Mins Read
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    Tether recorded an unprecedented $13 billion in earnings final yr, fueled by the growing demand for its USD-pegged stablecoin, USDT.

    The corporate now holds roughly $113 billion in US authorities bonds, reinforcing its declare that every USDT is backed by liquid dollar-denominated property.

    By the top of 2024, USDT’s market capitalization reached $137 billion, whereas Tether’s complete reserves exceeded $143 billion, in accordance with an unbiased attestation by BDO. The agency’s web fairness stands at $20 billion, reflecting its robust monetary place. All year long, Tether issued $45 billion in new USDT, with $23 billion minted within the fourth quarter alone.

    Along with authorities bonds, Tether has expanded its holdings in Bitcoin and gold, with crypto investments contributing $5 billion to its annual earnings. The corporate additionally secured a digital asset service supplier license in El Salvador, establishing its headquarters within the nation.

    Past stablecoins, Tether is diversifying its focus, directing earnings towards sustainable power, Bitcoin mining, AI infrastructure, telecommunications, neurotechnology, and training.

    Regardless of its monetary success, USDT’s market dominance declined to 65% in 2024, as competitors from Circle’s USDC intensified. USDC’s market cap reached $52 billion, with a powerful presence on Solana, the place it now represents 78% of the stablecoin provide. USDT’s place in centralized exchanges stays agency, holding 82% of the market, however considerations over Tether’s compliance with European crypto rules have contributed to USDC’s rising affect.

    Tether Experiences B Revenue in 2024, Expands US Treasury Holdings





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