Tether closed 2024 with a net profit of over 10 billion USD
As Bitcoin and many other cryptocurrencies reached new record highs, the demand for Tether's USDT stablecoin skyrocketed. USDT MC has increased by nearly 50 billion USD this year and currently has a market cap of 140 billion USD. The majority of Tether's income comes from its reserve investments in T-Bills and gold.
Just yesterday, Tether announced they would invest 775 million USD in Rumble, with a commitment of 250 million USD in cash and purchasing up to 70 million shares of Rumble at $7.50 per share.
Next year, Tether plans to allocate at least half of its profits to investments including AI. In Q1/2025, Tether plans to launch its own AI platform, allowing people to interact with artificial intelligence via mobile phone.
