Tether Holdings Limited has just released its Q4 2024 audit report, conducted by independent global accounting firm BDO. And guess what? The numbers are nothing short of mind-blowing. Not only do they reaffirm Tether’s rock-solid financial standing, but they also cement its position as a powerhouse in the global crypto ecosystem.
Record Profits and Financial Strength Like Never Before
2024 was a game-changing year for Tether, raking in over $13 billion in net profits—a milestone that sets a new precedent in the industry. Even more impressive? The company’s total equity surged past $20 billion, proving its ability to strategically invest in booming industries like renewable energy, Bitcoin mining, artificial intelligence, telecom, and education.
One major highlight of Tether’s financial strategy is its massive holdings in U.S. Treasury bonds, totaling a whopping $113 billion in direct and indirect investments. This makes Tether one of the largest holders of U.S. bonds worldwide, further reinforcing its commitment to financial stability and liquidity—two essential pillars in building trust within the digital asset space.
Unmatched Reserves and USD₮ Domination
Tether has once again flexed its dominance in the stablecoin market by boosting its excess reserves beyond $7 billion for the first time, marking a 36% annual increase. These reserves act as an ironclad safety net, proving that Tether can withstand the ever-changing tides of the crypto market.
As if that weren’t enough, the company also issued over $23 billion in USD₮ tokens in Q4 alone, bringing the total issuance for 2024 to a staggering $45 billion. This solidifies USD₮’s status as the most widely accepted and utilized stablecoin globally, playing a critical role in both institutional trading and mainstream blockchain adoption.
Smart Investments and Regulatory Wins
Beyond stablecoin issuance, Tether made some seriously strategic moves in gold and Bitcoin investments, which generated unrealized gains of approximately $5 billion throughout the year. Additionally, its repurchase agreements and traditional assets added another $8 billion to its portfolio, showcasing its diversified approach to asset management.
A major milestone? Tether secured a license in El Salvador, officially becoming a stablecoin issuer and Digital Asset Service Provider (DASP) in the country. With El Salvador now serving as Tether’s new headquarters, this move underscores the company’s mission to drive financial inclusion and innovation in emerging economies through blockchain technology.
The Numbers That Matter
At the close of 2024, Tether’s financial snapshot looked like this:
- Total consolidated assets: $157.6 billion
- Total consolidated liabilities: $137.6 billion
- Reserves for issued tokens: $143.7 billion
- Excess reserves: $7.08 billion (a crucial buffer ensuring full backing of circulating tokens)
Notably, Tether’s investments in cutting-edge sectors—like renewable energy, AI, and Bitcoin mining—are separate from its token reserves, highlighting the strength and diversification of its overall operations.
A Word From The CEO
Paolo Ardoino, CEO of Tether, reflected on the company’s groundbreaking year:
“Our Q4 2024 report solidifies our position as the global leader in financial transparency, liquidity, and innovation. With over $113 billion in U.S. Treasury holdings, a reserve buffer exceeding $7 billion, and an annual token issuance of $45 billion, Tether continues to set the gold standard for stability and trust in digital assets. Our expansion into El Salvador and our strategic investments in transformative industries reaffirm our unwavering commitment to financial inclusion and resilience.”
Looking Ahead
Tether is closing out 2024 stronger than ever, with a track record that not only elevates the company but also strengthens the legitimacy of cryptocurrencies worldwide. With its latest achievements, Tether is opening doors to new opportunities, deeper financial stability, and groundbreaking innovations in the crypto space. The future looks bright—and Tether is leading the charge!