💰 Stablecoin issuer Tether($USDT) has reported a record profit of $13 billion for the year 2024, doubling its previous year's earnings of $6.2 billion. 🚀
Key Highlights:
Investment Gains: Profits were driven by holdings in Bitcoin, gold, and U.S. Treasury bonds.
Source : dlnews
Employee Efficiency: As of January 2025, Tether operates with just over 100 employees, showcasing remarkable profitability per employee.
Source : owler
Future Expansion: Plans are underway to double the workforce to approximately 200 employees by mid-2025, focusing on enhancing compliance and finance operations.
Source : bloomberg
This milestone underscores Tether's significant role in the crypto ecosystem and its efficient operational model.
