{"id":20837,"date":"2025-02-01T11:29:17","date_gmt":"2025-02-01T09:29:17","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-reports-13-billion-in-net-profit\/"},"modified":"2025-02-01T11:29:17","modified_gmt":"2025-02-01T09:29:17","slug":"tether-reports-13-billion-in-net-profit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-reports-13-billion-in-net-profit\/","title":{"rendered":"Tether Reports $13 Billion in Net Profit"},"content":{"rendered":"<p>Tether, the issuer of the most popular stablecoin USDT, has announced a record net profit of $13 billion for the year 2024.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD\u20ae Circulation, and Reserve Buffer in Q4 2024 Attestation<br \/>Read more: <a href=\"https:\/\/t.co\/1CRfIK5XR0\">https:\/\/t.co\/1CRfIK5XR0<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1885340138328244393?ref_src=twsrc%5Etfw\">January 31, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company&#8217;s head, Paolo Ardoino, <a href=\"https:\/\/x.com\/paoloardoino\/status\/1885345499600781421\">clarified<\/a> that $6 billion was earned in the last quarter alone.<\/p>\n<p>Direct and indirect investments by the company in U.S. Treasury bonds reached a record level of $113 billion.<\/p>\n<p>In the fourth quarter of 2024, Tether issued $23 billion in USDT, increasing the total issuance to $45 billion by the year&#8217;s end, comparable to the capitalization of Circle&#8217;s <a href=\"https:\/\/www.coingecko.com\/en\/coins\/usdc\">USDC<\/a>. Excess stablecoin reserves grew by 36% over the year, exceeding $7 billion.<\/p>\n<p>The report was verified by the independent auditing firm BDO.<\/p>\n<h2 class=\"wp-block-heading\">A Colossal Figure<\/h2>\n<p>Avichal Garg, co-founder of Electric Capital, suggested that Tether is the most profitable company in the world per employee, with a figure of $85.6 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether is likely the most profitable company in the world per employee.<\/p>\n<p>Goldman Sachs \u2014 $288,172 profit per employee<br \/>Meta Platforms \u2014 $455,586<br \/>Apple \u2014 $571,341 <br \/>NVIDIA \u2014 $1,006,757<br \/>Tether \u2014 $85,625,000 profit per employee<\/p>\n<p>It just looks silly when you graph it <a href=\"https:\/\/t.co\/a3qSbrxvIK\">pic.twitter.com\/a3qSbrxvIK<\/a><\/p>\n<p>\u2014 Avichal \u2014 Electric \u03df Capital (@avichal) <a href=\"https:\/\/twitter.com\/avichal\/status\/1885455334904651865?ref_src=twsrc%5Etfw\">January 31, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For comparison:<\/p>\n<ul class=\"wp-block-list\">\n<li>Goldman Sachs \u2014 $288,172;<\/li>\n<li>Meta Platforms \u2014 $455,586;<\/li>\n<li>Apple \u2014 $571,341;<\/li>\n<li>NVIDIA \u2014 $1,006,757.<\/li>\n<\/ul>\n<p>According to Ardoino, the company plans to launch new products in artificial intelligence, telecommunications, education, and other areas. Projects in renewable energy and bitcoin mining will continue to develop.<\/p>\n<p>Earlier, Tether <a href=\"https:\/\/u1f987.com\/en\/news\/tether-integrates-usdt-into-bitcoin-ecosystem\">integrated<\/a> USDT into the Bitcoin ecosystem at both the base level and in the Lightning Network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the issuer of the most popular stablecoin USDT, has announced a record net profit of $13 billion for the year 2024.<\/p>\n","protected":false},"author":1,"featured_media":20836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1252,1245],"class_list":["post-20837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-reports","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"76","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20837"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20836"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}