Tether's profit in 2024 reached $ 13 billion, and U.S. Treasury holdings hit a record high

Panews News on January 31st, Tether released the fourth quarter of the 2024 report, showing that the annual net profit of the year exceeded $ 13 billion, and the Group's share capital exceeded $ 20 billion. In the fourth quarter, US Treasury bonds held 113 billion U.S. dollars, surpassing historical records, and Tether became one of the world's largest U.S. Treasury holders. At the same time, Tether's excess reserve exceeded $ 7 billion for the first time, an annual increase of 36%.