Tether Holdings Limited has released its Q4 2024 assurance opinion, reaffirming its financial stability and transparency.
The report, conducted by BDO, confirms that Tether achieved a record-breaking year, with $13 billion in annual profits and its group equity surpassing $20 billion.
Key Financial Highlights
- Total assets: $157.6 billion
- Total liabilities: $137.6 billion
- Reserves backing issued tokens: $143.7 billion
- Excess reserve buffer: $7 billion (+36% YoY)
- Total USD₮ issued in 2024: $45 billion
- U.S. Treasuries holdings: $113 billion (direct and indirect)
Tether’s exposure to U.S. Treasuries reached an all-time high, making it one of the largest holders of U.S. government debt globally.
Additionally, Bitcoin and gold holdings generated $5 billion in unrealized profits, while repo agreements and traditional investments contributed another $8 billion.
Expanding Beyond Stablecoins
Beyond stablecoin issuance, Tether has diversified into Bitcoin mining, renewable energy, AI, telecommunications, and education. These investments are not included in Tether’s reserves but demonstrate its expanding role in global finance.
In a major regulatory milestone, Tether International SA received a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador, reinforcing its commitment to financial inclusion.