Tether Holdings Limited has published its Q4 2024 assurance opinion, verified by independent accounting firm BDO.

 The report confirms the accuracy of Tether’s Consolidated Reserves Report (CRR) and details the assets backing its issued tokens as of December 31st, 2024.

Financial Performance and Reserves

Tether reported over $13 billion in net profits for 2024, with Group equity exceeding $20 billion. The company continued investing in Bitcoin mining, artificial intelligence, renewable energy, telecommunications, and education.

Its U.S. Treasury holdings reached a record $113 billion, reinforcing its position as one of the largest holders of U.S. government debt. The reserve buffer grew to more than $7 billion, marking a 36% annual increase.

Token Issuance and Revenue Sources

Tether issued $23 billion in USD₮ in Q4, bringing total issuance for the year to $45 billion. 

Revenue was generated from multiple sources, including $7 billion from U.S. Treasuries and repo agreements, $5 billion in unrealized gains from Bitcoin and gold holdings, and $1 billion from other investments.

Tether’s Bitcoin-related activities extended beyond its holdings, with the company continuing to invest in Bitcoin mining infrastructure.

In regulatory developments, Tether International SA de C.V. obtained a Digital Asset Service Provider (DASP) and stablecoin issuer license in El Salvador, where it has established its headquarters.

Financial Overview as of December 31st, 2024

  • Total assets: $157.6 billion
  • Total liabilities: $137.6 billion
  • Tether token reserves: $143.7 billion
  • Liabilities from issued tokens: $136.6 billion
  • Reserve surplus: $7.08 billion
  • Proprietary investments in sectors such as AI and Bitcoin mining are not included in reserves backing issued tokens.

Company Statement

Paolo Ardoino, CEO of Tether, stated:

“Tether’s Q4 2024 attestation reinforces our position as a global leader in financial transparency, liquidity, and innovation. With U.S. Treasury holdings surpassing $113 billion, a reserve buffer exceeding $7 billion, and $45 billion in new token issuance for the year, Tether continues to set the gold standard for stability and trust in the digital assets space. The Group Equity surpassed $20 billion. Our licensing milestone in El Salvador and investments in transformative sectors further highlight our unwavering commitment to driving financial inclusion and resilience.”

Tether’s latest disclosures provide insight into its reserve management, Bitcoin exposure, and strategic expansion.

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