Tether Shared the Curious USDT Information: A Record of $134.4 Billion - Coin Bulletin

Tether Holdings Limited has released its financial report for the third quarter of 2024, drawing attention with its impressive financial performance.

An examination by the global independent accounting firm BDO confirmed that Tether maintained its strong financial position in the third quarter, with the company's total assets reaching $134.4 billion, the highest level ever.

Tether's total nine-month profit was realized as $7.7 billion, and the company's net profit for the third quarter reached $2.5 billion. During this period, Tether's circulating stablecoins (USDT) approached $120 billion, indicating a $27.8 billion increase so far by 2024 with a 30% annual growth rate. This increase is equal to the total market value of Tether's closest competitor.

In reserves, Tether announced that it holds $102.5 billion in US Treasury bonds. With this value, Tether is among the top 18 holders of Treasury bonds in the world when considered as a country. The company also made an unrealized profit of about $1.1 billion from its gold assets in this quarter.

Tether also stands out with its investments in strategic sectors such as renewable energy, Bitcoin mining, artificial intelligence, telecommunications, and education. The company's investments in these areas have reached a total of 7.7 billion dollars, and according to Tether's vision, these investments aim to support global innovation and inclusivity.

Tether CEO Paolo Ardoino said, "Tether's performance in the third quarter of 2024 demonstrates our commitment to transparency, liquidity, and responsible risk management once again."