Wu said that Tether has announced its 2024 financial report, with a net profit of over 13 billion US dollars for the year. Tether's direct and indirect holdings of US treasury bond reached a new high of US $113 billion. The issuance of USDT has cumulatively increased by $45 billion in 2024, with $23 billion issued in Q4 and excess reserves exceeding $7 billion for the first time.