Tether Reports $13 Billion in Profits, Record US Treasury Holdings
Tether has just released its latest financial report, showing a net profit of $ 13 billion and $ 113 billion in US Finance.
Paolo Ardoino (Paolo Ardoino Stablecoin legislation.
Tether’s report shows that the huge victory in 2024
Strip, One of the world’s leading stable issuersIn 2024, it reached a record growth. December last year, Yunmu seriously reduced the company’s European Union businessBut this It has little effect on its dominant positionEssence USDT continues to rule the Stablecoin market with great profits, and its annual financial report reflects demand.
Tether’s latest proof report shows that the annual net profit is $ 13 billion, and the highest U.S. Treasury is held in history. CEO Paolo Ardoino is concentrated future:
“In the next few months, we aims to launch several new products on all the pillars of the line: from artificial intelligence platforms and applications to telecommunications, from new financial instruments and services to wider education. Thank you very much. Thank you very much. Thank you very much Everyone’s support.
Adolino’s bullish comment reflects Many changes on the tie ropeEssence This month, the company Move its main headquarters to Salvador After obtaining relevant permits in the jurisdiction of the judicial jurisdiction. The report claims that this move will support the ambition of Tether to support global financial tolerance and innovation.
Even before the financial report released today, there were clear signs that Tether was earning huge profits. In December, the company I invested $ 775 million in Rumble although Transfer of Bitcoin worth $ 700 million To the company’s reserves.
At that time, Beincrypto reported a profit growth of $ 10 billion in Tether, but its profit margin was very high.
“The rope investment holds $ 12.5 billion in assets, and most of the remaining Stablecoin excess reserves. In 2024, USDT reached an impressive milestone among 400 million users worldwide, mostly distributed in emerging markets and developing countries. Between? “Ardoino wrote.
In addition to these profits, the report also claims that Tether has a direct and indirect US Treasury of US $ 13 billion. In December, the Ministry of Finance Acknowledge the important role of admitting stable characters The rise in the encryption economy.
CEO New Rules He is required to put the reserve deposit in the treasury coupon, and he is taking a positive attitude.
All in all, the report reflects Tether’s strong financial situation. Other related figures include a total assets of merging of $ 157.6 billion and new issuance of $ 45 billion. With such resources, Tether is flexible and can explore companies and business channels other than cryptocurrencies.
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