Stablecoin Giant Tether Announces Record Profit for 2024: Here are the Headlines - Koin Bülteni

While Tether earns a net profit of over $13 billion in 2024, USDT supply has increased by $45 billion and US Treasury bond reserves have reached $113 billion.

Tether, one of the leading companies in the stablecoin world, announced its financial performance for 2024. According to the published report, Tether's net profit for the year exceeded $13 billion, reaching a record level. This performance once again demonstrated the company's strong position in the cryptocurrency market.

Another detail that stands out in the report is that the total value of the US Treasury bonds directly and indirectly owned by Tether reached $113 billion.

This figure reveals that a significant portion of the company's reserves is based on safe and liquid assets. Tether aims to reinforce the reliability of its USDT stablecoin, which it offers to users with this strategy.

In 2024, the supply of USDT in the market showed a $45 billion increase. This increase indicates the continued demand of cryptocurrency investors for stablecoins and Tether's leadership in this field.

Especially during periods of high market volatility, it is known that investors turn to stablecoins as a safe haven.

Tether's 2024 financial performance is an important indicator for the cryptocurrency ecosystem. The company's increasing profit and reserve structure are closely monitored by cryptocurrency investors and market analysts.

Tether's success is also considered as an indication of the integration of stablecoins with the traditional financial system.