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Tether hits record $13 billion profits in 2024, reinforcing stablecoin dominance

In 2024, Tether achieved net profits exceeding $13 billion, pushing total equity past $20 billion. The firm’s total issuance reached $45 billion, significantly enhancing its market capitalization and positioning as a leading stablecoin issuer.

With US Treasury holdings hitting $113 billion, Tether reinforces its liquidity position. Its market cap now exceeds $140 billion as they diversify investments into sectors such as Bitcoin mining and AI, reflecting strong growth and demand for USD₮.

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