Tether's profit in 2024 will reach 13 billion US dollars, and the holdings of US treasury bond bonds will hit a record high

Tether has released its Q4 2024 report, showing an annual net profit of over $13 billion and a group equity of over $20 billion. In the fourth quarter, the holdings of US treasury bond reached US $113 billion, surpassing the historical record. Therefore, Tether became one of the largest holders of US treasury bond in the world. Meanwhile, Tether's excess reserves exceeded $7 billion for the first time, with an annual growth rate of 36%.