Unbelievable! Tether’s $13 Billion Profit Will Leave You Speechless! 💰😲

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Well, well, well! Tether has just spilled the beans on its latest financial escapade, and guess what? A whopping $13 billion in net yearly profits and a jaw-dropping $113 billion in US Treasury holdings! Talk about a piggy bank that’s bursting at the seams! 🐷💸

Our dear CEO, Paolo Ardoino, is peering into his crystal ball, dreaming up new research areas and preparing for the wild ride of potential US stablecoin legislation. Who knew being a financial wizard could be so thrilling? 🎩✨

Tether’s Report: A Treasure Trove of Triumphs in 2024!

In the land of stablecoins, Tether reigns supreme! In 2024, it reached heights that would make even the tallest giraffe envious. Last December, the MiCA regulations tried to rain on Tether’s parade in the EU, but it barely made a splash! USDT is still the king of the stablecoin jungle, and its yearly financial report is proof that the demand is as high as a kite! 🪁💨

According to Tether’s latest Attestation Report, they’ve raked in $13 billion in net yearly profits and are sitting on an all-time-high pile of US Treasury holdings. But wait, there’s more! Our fearless leader, Ardoino, is all about the future:

“In the coming months, we’re planning to launch a cornucopia of new products across all Tether pillars: from Artificial Intelligence platforms and apps to telecommunications, and from shiny new financial tools to educational efforts that would make even the smartest owl proud. Thank you, dear supporters! Together, we’re an unstoppable force! Nothing else matters!” Ardoino declared, probably while wearing a superhero cape. 🦸‍♂️📈

Ardoino’s optimistic musings reflect some rather exciting changes at Tether. This month, the company packed its bags and moved its headquarters to sunny El Salvador after snagging the necessary licenses. The report claims this move will help Tether sprinkle its magic of financial inclusion and innovation across the globe. 🌍✨

Even before today’s financial fireworks, it was clear Tether was swimming in profits. Last December, they splashed out $775 million into Rumble while transferring a cool $700 million worth of Bitcoin to their treasure chest. Talk about a financial fairy tale! 🏰💰

At the time, BeInCrypto reported a $10 billion profit surge at Tether, but it seems they were just warming up for the grand finale! 🎆

“Tether Investments holds a staggering $12.5 billion in assets, with stablecoin excess reserves making up the rest. In 2024, Tether USDT hit the impressive milestone of 400 million users globally, mostly in emerging markets and developing countries,” Ardoino wrote, probably while sipping a piña colada. 🍹🌴

And if that wasn’t enough to make your head spin, the report also revealed that Tether has $113 billion in direct and indirect US Treasury holdings. In December, the Treasury acknowledged the crucial role of stablecoins in the booming crypto economy. Who knew stablecoins could be so… stable? 🤔💼

Our CEO is anticipating new rules that will require stablecoins to stash their reserves in Treasury bonds, and he’s not just sitting around twiddling his thumbs. He’s taking a proactive approach, like a cat ready to pounce! 🐱💨

All in all, this report paints a picture of Tether’s financial state that’s as rosy as a cheeky little cherub. A few other delightful numbers include $157.6 billion in consolidated total assets and $45 billion in new token issuance. With resources like these, Tether has the freedom to explore new ventures beyond the crypto realm. The sky’s the limit! 🚀🌈

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2025-01-31 20:35