Tether achieved significant financial results in 2024. According to its published asset verification report, the total profit for 2024 reached $13.7 billion, with a profit of $6 billion in the fourth quarter. The company holds approximately $113 billion in assets, and after deducting redeemed liquid funds, it maintains over $7 billion in stable reserves, a year-on-year increase of 36%. In the fourth quarter of 2024, the issuance of USDT reached $23 billion, with a total issuance for the year of $45 billion, ranking second in the entire cryptocurrency market.
Additionally, Tether Group's equity soared to over $20 billion. Tether Investments holds approximately $12.5 billion in assets, with the excess reserves of the stablecoin accounting for the majority of the remainder. In 2024, the global number of USDT users exceeded 400 million, primarily distributed across emerging markets and developing countries.
It is noteworthy that Tether's total number of employees is only about 165. In contrast, investment giant Goldman Sachs, with a profit of $14 billion in 2024, has approximately 45,000 employees.
In the coming months, Tether plans to launch a variety of new products, covering areas from artificial intelligence platforms and applications to telecommunications, as well as new financial tools and services, and expand educational efforts.
Additionally, Tether Group's equity soared to over $20 billion. Tether Investments holds approximately $12.5 billion in assets, with the excess reserves of the stablecoin accounting for the majority of the remainder. In 2024, the global number of USDT users exceeded 400 million, primarily distributed across emerging markets and developing countries.
It is noteworthy that Tether's total number of employees is only about 165. In contrast, investment giant Goldman Sachs, with a profit of $14 billion in 2024, has approximately 45,000 employees.
In the coming months, Tether plans to launch a variety of new products, covering areas from artificial intelligence platforms and applications to telecommunications, as well as new financial tools and services, and expand educational efforts.