Tether's $13 Billion Profit Surges Demand for Stablecoins
New York, March 8, 2025 - Tether Holdings Ltd., the issuer of the world's largest stablecoin USDT, has reported a staggering $13 billion in profits for the past year. This eye-opening figure outperforms even Wall Street's top investment banks.
Tether's success is attributed to the increasing demand for stablecoins, which seek to maintain a stable value against fiat currencies like the US dollar. Stablecoins, typically backed by cash and cash equivalents, offer investors a haven from the volatility of the cryptocurrency market.
In the last quarter of 2024, Tether issued over $23 billion in USDT and holds more than $7 billion in excess reserves. To strengthen its backing, Tether has increased its exposure to US Treasuries, with total direct and indirect holdings reaching $113 billion.
Tether has also made a strategic move by relocating its corporate entity to El Salvador, solidifying its presence in the global cryptocurrency landscape. The sole issuer of USDT is now Tether International S.A. De C.V.
"Stablecoins have gained immense traction in recent years, providing stability and liquidity in the volatile cryptocurrency market," said a Tether spokesperson. "Our commitment to transparency and regulatory compliance ensures the trust and confidence of our investors."