Tether Reports $7.7 Billion Profit in 2024, $102.5 Billion in U.S. Treasury Holdings, $120 Billion USD₮ Circulation

Tether has reported a strong financial performance for the third quarter of 2024, achieving net profits of $7.7 billion for the first nine months of the year. The attestation released as of September 30, 2024, indicates that approximately $1.3 billion of these profits stemmed from U.S. Treasury exposures, while around $1.1 billion was derived from gold holdings. Tether's U.S. Treasury holdings reached $102.5 billion, and the circulation of its stablecoin, USD₮, stood at nearly $120 billion.

Additionally, Tether maintains a reserve buffer exceeding $6 billion. The company's Bitcoin holdings were valued at $4.78 billion when Bitcoin was priced at $63,473, which has since increased to approximately $5.3 billion at current prices. Overall, Tether's asset value exceeds its liabilities by over $6 billion, reflecting robust financial health.

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