Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation
Be taught more: https://t.co/1CRfIK5XR0
— Tether (@Tether_to) January 31, 2025
Paolo Ardoino, the head of the agency, specified that $6 bln used to be earned within the last quarter alone.
The company’s whisper and indirect investments in U.S. Treasuries reached a document high of $113 billion.
For the fourth quarter of 2024, Tether issued $23 billion payment of USDT, increasing its total issuance to $forty five billion by the slay of the year – a a lot like Circle’s USDC capitalization. Excess Stablecoin reserves grew 36% year-over-year to over $7 billion.
The document used to be audited by self adequate audit agency BDO.
Gigantic figure
Electric Capital co-founder Avichal Garg suggested that Tether is the most profitable company per employee; the figure is $85.6 million.
Tether is seemingly the most profitable company on this planet per employee.Goldman Sachs — $288,172 revenue per employeeMeta Platforms — $455,586 Apple — $571,341 NVIDIA — $1,006,757 Tether — $85,625,000 revenue per employee
It sparkling looks silly whenever you graph it pic.twitter.com/a3qSbrxvIK
— Avichal — Electric ϟ Capital (@avichal) January 31, 2025
By comparability:
- Goldman Sachs – $288,172;
- Meta Platforms – $455,586;
- Apple – $571,341;
- NVIDIA – $1,006,757.
Based on Ardoino, the company plans to originate fresh products in synthetic intelligence, telecommunications, training and other areas. The company will proceed to carry out initiatives in such industries as renewable vitality and bitcoin mining.
