Shocking Tether Profits: You Won’t Believe How Much They Made! 💰😱

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Hold onto your wallets, folks! Tether just reported a jaw-dropping $13 billion profit in 2024! 💸

Well, well, well! Tether has just dropped its 2024 financial bombshell, and guess what? They raked in over $13 billion! That’s right, folks, they’re swimming in cash like Scrooge McDuck! 🦆💰 And if that wasn’t enough, they’re sitting on a whopping $113 billion in U.S. Treasuries. Talk about a piggy bank that’s too big to break! 🐷💥

And let’s not forget the $45 billion worth of USDT they issued this year. I mean, who needs a money tree when you’ve got Tether? 🌳💵 BDO, the accounting superheroes, confirmed that everything checks out. They even did a deep dive into Tether’s assets, and surprise, surprise, they found that Tether is as solid as a rock! 🎸

In the fourth quarter of 2024, Tether was on fire! 🔥 They hit a combined group equity of over $20 billion. That’s more than my entire life savings—combined! They’re not just controlling the market; they’re expanding into new territories like a kid in a candy store! 🍭 They’re investing in renewable energy, Bitcoin mining, AI, and even education! Who knew Tether was the next Elon Musk? 🚀

Now, let’s talk about those U.S. Treasury holdings. Tether is like the big kid on the block, holding more than $113 billion in Treasuries. They’re basically the financial equivalent of a bouncer at a nightclub—keeping things stable and secure! 💪💼

Tether Sets Up Shop in El Salvador, Gets DASP License—Party Time! 🎉

Guess what? Tether just leveled up their game by surpassing a $7 billion excess reserve buffer! That’s a 36% growth from last year. They’re like the overachieving student in class, always raising the bar! 📚💪 And in Q4 alone, they issued $23 billion in USDT. That’s right, folks, they’re the reigning champions of stablecoins! 🏆

And let’s not forget their investments in gold and Bitcoin, which magically turned into $5 billion in unrealized profits. It’s like they’ve got a Midas touch! Everything they touch turns to gold—literally! 🥇 And with traditional investments and Treasuries bringing in another $8 billion, they’re practically printing money! 💵💵

Now, Tether International SA de C.V. has snagged a stablecoin issuer and Digital Asset Service Provider (DASP) license from El Salvador. That’s right, El Salvador is now the new headquarters for Tether! They’re on a mission to spread financial inclusion like peanut butter on toast! 🥜🍞

CEO Paolo Ardoino is all about keeping things stable and transparent. Tether is flexing its muscles as the stablecoin market leader, with excellent token creation and record-setting reserves. They’re not just playing the game; they’re rewriting the rules! 📜✍️

So buckle up, folks! Tether is just getting started, and they’re ready to take the digital finance world by storm! 🌪️💥

 

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2025-02-01 22:44