• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, September 3, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Tether hits $7.7 billion in profit YTD as reserves reach record high

31 October 2024
in Tether
Reading Time: 2 mins read
A A
0
Tether hits .7 billion in profit YTD as reserves reach record high
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT

Related articles

Tether’s trade finance division funds first oil deal via USDT

Tether’s trade finance division funds first oil deal via USDT

8 November 2024
Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’

Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’

4 November 2024
Receive, Manage & Grow Your Crypto Investments With Brighty

Tether Limited reported $2.5 billion in net profit for the third quarter, bringing its year-to-date profits to a record-breaking $7.7 billion.

The firm’s strong third-quarter numbers were primarily boosted by its gold holdings, which amount to roughly $5 billion, recording $1.1 billion in unrealized profit.

According to Tether’s latest assurance opinion, conducted by accounting firm BDO, the firm has raised its excess reserve buffer to over $6 billion, reflecting a 15% growth rate in the past nine months. 

As a result, the firm’s total equity is at an all-time high of $14.2 billion, consolidating its assets at $134.4 billion. Tether CEO Paolo Ardoino stated:

“By increasing our reserve buffer to over $6 billion and maintaining a focus on strategic investments, Tether is once again setting the standard for stability in the financial space.”

US treasuries and Bitcoin

Moreover, Tether’s issuing companies now hold over $105 billion in cash and cash equivalents, including a record $102.5 billion in US Treasuries.

This amount places the crypto firm among the top 18 global holders of US Treasuries — above Germany, Australia, and the UAE — and is nearly $5 billion larger than Tether’s last attestation report. 

Additionally, the company added 7,100 Bitcoin (BTC) to its stash, currently valued at nearly $4.8 billion.

The firm’s stablecoin, Tether USD (USDT), surged to a circulation of nearly $120 billion, marking a 30% increase year-to-date. This is a new all-time high in USDT supply and translates to an additional $27.8 billion in issuance.

Ardoino added:

“Reaching the $120 billion USD₮ milestone and reporting $102.5 billion in U.S. Treasury exposure highlights the company’s unparalleled financial strength.”

Beyond its reserves, Tether’s investment arm has expanded its proprietary portfolio to $7.7 billion, channeling funds into renewable energy, Bitcoin mining, artificial intelligence, telecommunications, and education sectors. 

Mentioned in this article

Credit: Source link

Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: BillionhighHitsProfitreachRecordReservesTetherYTD
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

USDT Issuer Tether Reports $2.5B Profit in Q3, Holds Over $100B Exposure to U.S. Treasuries

Next Post

Ethereum Setting Up For A Potential Upward Breakout Rally, Here’s How

Related Posts

Tether’s trade finance division funds first oil deal via USDT

Tether’s trade finance division funds first oil deal via USDT

8 November 2024
0

Tether leveraged its USDT stablecoin to fund a $45 million crude oil transaction in the Middle East through its trade...

Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’

Tether CEO quashes speculation of launching a Tether blockchain ‘at this time’

4 November 2024
0

Tether CEO Paolo Ardoino has dismissed recent speculation about the company’s plans to launch a proprietary blockchain network.In a Nov....

Tether slams WSJ report alleging US probe as ‘irresponsible reporting’

Tether slams WSJ report alleging US probe as ‘irresponsible reporting’

25 October 2024
0

 Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino’s clarification comes after a Wall...

US government-linked address likely exploited for over  million in crypto

US government-linked address likely exploited for over $20 million in crypto

24 October 2024
0

A hacker may have stolen over $20 million worth of crypto, including stablecoins and Ethereum (ETH), from a US government-controlled...

BlackRock eyes crypto derivatives market with BUIDL as collateral

BlackRock eyes crypto derivatives market with BUIDL as collateral

18 October 2024
0

BlackRock is reportedly in discussions with several centralized exchanges to allow its BUIDL fund to be used as collateral for...

Load More
Next Post
Ethereum Setting Up For A Potential Upward Breakout Rally, Here’s How

Ethereum Setting Up For A Potential Upward Breakout Rally, Here's How

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

3 September 2025
Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares – AInvest

Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares – AInvest

3 September 2025
Solana was down 70% at one point this year. Now, it's getting its mojo back – CNBC

Solana was down 70% at one point this year. Now, it's getting its mojo back – CNBC

3 September 2025
Federal Reserve to Host Payment Event, Stablecoins in Focus

Federal Reserve to Host Payment Event, Stablecoins in Focus

3 September 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • TRON Selected By US Department Of Commerce To Publish Economic Data Onchain
  • Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares – AInvest
  • Solana was down 70% at one point this year. Now, it's getting its mojo back – CNBC
  • Federal Reserve to Host Payment Event, Stablecoins in Focus
  • Price predictions 9/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI – Cointelegraph

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 111,830.00
  • ethereumEthereum (ETH) $ 4,448.51
  • xrpXRP (XRP) $ 2.84
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 853.72
  • solanaSolana (SOL) $ 208.70
  • usd-coinUSDC (USDC) $ 0.999713
  • staked-etherLido Staked Ether (STETH) $ 4,436.17
  • dogecoinDogecoin (DOGE) $ 0.220688
  • tronTRON (TRX) $ 0.341518
  • cardanoCardano (ADA) $ 0.838713
  • wrapped-stethWrapped stETH (WSTETH) $ 5,384.24
  • chainlinkChainlink (LINK) $ 23.71
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,785.68
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,775.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 45.84
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.996965
  • suiSui (SUI) $ 3.39
  • wrapped-eethWrapped eETH (WEETH) $ 4,779.02
  • bitcoin-cashBitcoin Cash (BCH) $ 599.56
  • stellarStellar (XLM) $ 0.361850
  • avalanche-2Avalanche (AVAX) $ 25.17
  • wethWETH (WETH) $ 4,444.16
  • crypto-com-chainCronos (CRO) $ 0.279001
  • hedera-hashgraphHedera (HBAR) $ 0.219445
  • leo-tokenLEO Token (LEO) $ 9.52
  • litecoinLitecoin (LTC) $ 112.64
  • the-open-networkToncoin (TON) $ 3.18
  • usdsUSDS (USDS) $ 0.999423
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999874
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,794.00
  • whitebitWhiteBIT Coin (WBT) $ 42.97
  • polkadotPolkadot (DOT) $ 3.88
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.214278
  • uniswapUniswap (UNI) $ 9.71
  • bitget-tokenBitget Token (BGB) $ 4.98
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • aaveAave (AAVE) $ 326.69
  • moneroMonero (XMR) $ 270.44
  • ethenaEthena (ENA) $ 0.724040
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000010
  • okbOKB (OKB) $ 179.58
  • mantleMantle (MNT) $ 1.12
  • ethereum-classicEthereum Classic (ETC) $ 20.88
  • bittensorBittensor (TAO) $ 325.11
  • jito-staked-solJito Staked SOL (JITOSOL) $ 256.28
  • nearNEAR Protocol (NEAR) $ 2.48