According to a January 31 announcement, Tether, publisher of a lot of dollar USDT (USDT) Stablecoin, has recorded record profits of $ 13 billion in 2024 and is currently the US government bonds of US government bonds. It is said that the amount of reserve is more.
TETHER’s US Financial Portfolio is currently worth about $ 113 billion, the company said. The growth of the company’s finance reflects that the popularity of USDT Stablecoin is increasing, and Tether says that 1: 1 supports 1: 1 as a liquid US dollar expression asset.
USDT’s total market cap is $ 143 billion, slightly less than Tether’s reserves as of December 31, exceeding $ 143 billion. The figure is based on the proof of the independent accounting company BDO.
Tether said in July that the Treasury Protection Zone surpassed all the scale except 17 governments, including Germany, the United Arab Emirates and Australia. It also owns gold and bitcoin (BTC) and gained $ 5 billion in the company in 2024.
Tether’s integrated net stake (total debt of all company assets) has reached $ 20 billion. TETHER issued $ 23 billion in USDT in the fourth quarter of 2024 and $ 45 billion for a year. USDTs are constantly issued and repaid.
Tether’s financial figures. source: tether
relevant: Solana Stablecoin has increased 73% since Trump launch: CCDATA
In 2024, TETHER acquired the STABLECOIN publisher and Digital Asset Service Provider License from El Salvador and currently served as headquarters.
The tethers reinvested some of the profits in the adjacent industry, including sustainable energy, bitcoin mining, data, AI infrastructure, peer -to -peer communication technology, neurological engineering and education.
Reduction of dominance
According to CCDATA, USDT’s market caps decreased in 2024 and fell to about 65%when competitors’ USD coin (USDC) gained traction. With 82%of the market share, it continues to dominate on the central exchange.
According to Cointelegraph data, USDC of Circle Internet Financial has a market cap of about $ 52 billion as of January 31. USDC Stablecoin is dominant in Solana and accounts for almost 78%of the STABLECOIN supply in the network.
Circle’s USDC is preparing for USDT since December, questioning whether the Crypto Assets (MICA) Tether’s tether is designed to standardize and regulate the crypto market.
magazine: Bitcoin payments are damaged by centralized stability.