
Tether clocks $13B in 2024 profits, US bond holdings hit all-time highs
Tether, the issuer of the dollar-pegged USDt stablecoin, saw record-breaking profits of $13 billion in 2024 and now has a larger-than-ever stockpile of US government bonds, according to a Jan. 31 announcement. Tether’s US Treasury portfolio is now w