Tether (USDT) Stabil Cine’s Issue Tether Holdings Restricted recently announced its financial results, with a net profit of more than $ 13 billion during the previous year. This extraordinary profit has brought Tether to a new height and has given it a chance to further strengthen its position in the digital currency market.
Tether on 31 January released its assession report for the 2024 fourth quarter, which was completed by a major international independent accounting firm BDO. According to the report, the company’s equity has gone above $ 20 billion, which reflects its continuous success and commitment to investment in major areas. This is part of Tehter’s working process, if you want to know that How Tether (USDT) worksSo you can read the article by clicking on the link.
Tether’s record reserve and USDT circulation increase
The largest highlight for Tether is its record in US Treasury Securities of $ 113 billion. Through this investment, Tether has maintained its financial stability and liquidity and has become one of the biggest holders of the Government of Securities. In addition, Tether released a USDT of $ 23 billion in the fourth quarter, leading to its total circulation to $ 45 billion in 2024. This figure is equal to the market cap of the second largest stabilcoin and makes the USDT the world’s most widely used stabilcoin. If you want to know that
Tether’s new licensing and future direction
Tether Crypto is constantly strengthening its appearance in the world. Tether has recently obtained its new license at El Salvador, recognizing him as a stabilcoin issue and digital asset service provider (DASP). This license is an important milestone for tether. After accepting bitcoin as a legal tender in El Salvador, Tether’s steps in this country can be seen as an important strategy for investment and expansion. Along with this recently Tether Integrated in USDT Bitcoin Lightning Community Has announced to do. The move will introduce more accessible and cheap payment option through USDT Bitcoin Community, which will be beneficial for users in Emerging Markets.
Conclusion
Tether has achieved unprecedented success in terms of its financial performance and circulation in the previous year, which proves its stability and impact in the market. The company’s continuous investment and strategic moves in the leading industry will make it more powerful in the future. The new license in El Salvador and the integration of USDT in Bitcoin Lightning Community will further strengthen the leading role in Tether’s global crypto industry.
