Tether Triumphs with Record Growth and Financial Strength in 2024 – BitRss

Tether, the world’s largest stablecoin, has managed to remain resilient despite years of various controversies. Recent panic among investors due to the EU ban has not deterred Tether’s stability. Those who succumbed to fear became victims of short-term debates.

Tether’s Impressive 2024 Report

The company announced the completion of a reserve audit by the globally renowned auditing firm BDO. This report is now accessible on their official website. The year 2024 witnessed extraordinary performance, with the last quarter surpassing annual net profits of $13 billion, marking it as the largest earnings period ever.

Tether’s equity has exceeded $20 billion, with increasing investments in emerging sectors such as renewable energy, Bitcoin $104,758 mining, artificial intelligence, telecommunications, and education. A notable highlight from the last quarter of 2024 is the company achieving a record $113 billion in U.S. Treasury bond assets.