Leggi questo articolo in Italiano Italiano

2 min read 31 Jan 2025

Tether: in 2024 profits above $13 BILLION

By Davide Grammatica

Tether's adjusted net profits in 2024 exceeded $13 billion ($6 bn in Q4 alone). Exposure to U.S. government bonds exceeds $113 billion

Tether: in 2024 profits above $13 BILLION

Tether's numbers

As reported in the Q4 2024 Financial Statements and Year-EndAttestation Report, Tether, the issuer of the USDT stablecoin , exceeded $6 billion in net profits, totaling $13 bn in reference to the full year.

The report also points to direct and indirect exposure to U.S. government bonds that exceeded $113 billion, in addition to the issuance of $23 billion in USDT that brings the 2024 total to $45 billion.

Not a bad year, in short, and one that would also allow the issuer to engage in projects outside the stablecoin-only sector. In fact, as pointed out by CEO Paolo Ardoino, Tether plans to launch new products related to AI, telecommunications and education.

Tether is now the largest stablecoin on the market, with 24-hour trading volume coming in at an average of $55.5 billion. Its capitalization, on the other hand, is now close to $140 billion, at its all-time high.

More trouble for USDT

Despite Tether’s record, it is precisely the first of the stablecoins to face, at this precise moment in history, the greatest regulatory problems, especially in Europe.

Just today, several exchanges starting with Crypto.com have “delisted” the stable, guilty of not meeting the requirements for “E-Money Token” and thus not being compilant with MiCA.

The EU market for USDT however, is a very small percentage of Tether’s business which seems to have no intention of adapting to the regulations.

A bad thing? A good thing? As reported by CEO Paolo Ardoino, MiCA’s requirement to hold 60 percent of reserves in EU banks is too much of a risk.

X

Vuoi essere IL PRIMO a conoscere ciò che muove il mercato?

Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 96,073.74
ethereum
Ethereum (ETH) $ 2,623.77
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.41
solana
Solana (SOL) $ 196.19
bnb
BNB (BNB) $ 648.43
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.254234
cardano
Cardano (ADA) $ 0.784925
staked-ether
Lido Staked Ether (STETH) $ 2,621.75
tron
TRON (TRX) $ 0.242289
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,026.73
chainlink
Chainlink (LINK) $ 18.51
wrapped-steth
Wrapped stETH (WSTETH) $ 3,130.24
avalanche-2
Avalanche (AVAX) $ 25.08
sui
Sui (SUI) $ 3.27
stellar
Stellar (XLM) $ 0.316884
shiba-inu
Shiba Inu (SHIB) $ 0.000016
the-open-network
Toncoin (TON) $ 3.73
leo-token
LEO Token (LEO) $ 9.84
litecoin
Litecoin (LTC) $ 116.84
hedera-hashgraph
Hedera (HBAR) $ 0.223480
usds
USDS (USDS) $ 0.999890
hyperliquid
Hyperliquid (HYPE) $ 23.68
weth
WETH (WETH) $ 2,623.74
bitget-token
Bitget Token (BGB) $ 6.19
polkadot
Polkadot (DOT) $ 4.88
bitcoin-cash
Bitcoin Cash (BCH) $ 329.99
ethena-usde
Ethena USDe (USDE) $ 0.998924
mantra-dao
MANTRA (OM) $ 5.88
uniswap
Uniswap (UNI) $ 9.41
wrapped-eeth
Wrapped eETH (WEETH) $ 2,780.30
ondo-finance
Ondo (ONDO) $ 1.34
monero
Monero (XMR) $ 222.00
pepe
Pepe (PEPE) $ 0.000010
whitebit
WhiteBIT Coin (WBT) $ 27.41
near
NEAR Protocol (NEAR) $ 3.18
aave
Aave (AAVE) $ 243.46
dai
Dai (DAI) $ 1.00
aptos
Aptos (APT) $ 5.95
mantle
Mantle (MNT) $ 1.01
internet-computer
Internet Computer (ICP) $ 7.08
bittensor
Bittensor (TAO) $ 400.38
susds
sUSDS (SUSDS) $ 1.03
ethereum-classic
Ethereum Classic (ETC) $ 20.45
official-trump
Official Trump (TRUMP) $ 15.23
okb
OKB (OKB) $ 50.18
gatechain-token
Gate (GT) $ 22.13
vechain
VeChain (VET) $ 0.033194
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.308358