Tether has published its Q4 2024 assurance report, detailing reserve assets backing issued tokens as of December 31, 2024. With an exceptional performance throughout the year, Tether surpassed $13 billion in annual net profit, while its group equity exceeded $20 billion, reinforcing its market leadership and strategic investments.
USDT Issuance Reaches $45 Billion in 2024
A key highlight of Q4 was Tether’s investment in U.S. Treasury bonds, which reached a record $113 billion, making it one of the largest global holders. The company’s excess reserves also surpassed $7 billion, marking a 36% annual increase. In Q4 alone, over $23 billion in USDT was issued, bringing the total for 2024 to $45 billion.
Tether also reported unrealized gains of $5 billion from Bitcoin and gold holdings, with an additional $7 billion from U.S. Treasury bonds and repo agreements. Moreover, Tether International SA de C.V. secured a stablecoin issuer and Digital Asset Service Provider (DASP) license in El Salvador, positioning the country as Tether’s new strategic hub.
As of December 31, 2024, Tether's consolidated assets stood at $157.6 billion, while total liabilities amounted to $137.6 billion. Reserves backing circulating Tether tokens reached $143.7 billion, exceeding token-related liabilities by $7.1 billion. The company also continued investments in renewable energy, Bitcoin mining, AI, telecommunications, and education.
Tether Strengthens Leadership in Financial Transparency and Innovation
Commenting on the report, Tether CEO Paolo Ardoino stated:
“Tether’s Q4 2024 assurance report reinforces our leadership in financial transparency, liquidity, and innovation. With U.S. Treasury holdings surpassing $113 billion, reserve surpluses exceeding $7 billion, and $45 billion in new token issuances, we remain the gold standard for stability and trust in digital assets. Our equity has surpassed $20 billion, while our licensing milestone in El Salvador and transformative investments further solidify our commitment to financial inclusion and resilience.”
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