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Tether reported on a net profit of $ 13 billion in 2024, guided by his jobs, including the issue of USDT, the highest stable situation in the cryptocurrency market.
Tether, publisher of the largest Kriptovalut Stableco (USDT), earned $ 13 billion in earnings last year due to an increase in the adoption of digital assets and the new maximum of all time in US cash regions held as reserve for their token.
On Friday, January 31, a three -month certificate provided An independent accounting company BDO Italia has shown T-bills worth $ 94.5 billion, a new record. Tether has made $ 7 billion in profit from his American cash register and another $ 5 billion unrealized earnings from Bitcoin (BTC) and Gold Investments.
At the end of last year, Tether increased his bitcoin shares to about 84,000 bitcoins, worth almost $ 8 billion. This marked his first purchase of Bitcoin since March. The remaining billion dollars of earnings have come from other investments, according to a certificate.
Tether operates USDT, dominant Stablecoin with market capitalization of $ 140 billion. This makes the company a key player in the cryptocurrency transactions. According to the US cashier study, over 80% of the crypto transaction involves stable -stable, such as USDT.
Despite their significance, USDT and publisher face challenges in European markets for regulatory changes. Tether struggled to adhere to the EU markets within the framework of the regulation of the crypto assets, which led to a declining trust among exchanges.
Several platforms, including Coinbase, took away USDT for European users waiting for changes in compliance.
Tether also transferred his base of operations to El Salvador after securing a crypto license from Pro-Bitcoin. The subject plans to establish a headquarters in the BTC Nation -Ui invested more resources in artificial intelligence.
