Tether's Market Value Increases Significantly in 2024

According to Foresight News, Tether's market value surged by nearly $50 billion in 2024, enhancing its investments, product lines, and political influence across various sectors. Data from OpenSecrets indicates that Tether has reduced its lobbying activities this year, spending only $360,000 on FTI Government Affairs. This marks a decrease of approximately 71% compared to the $1.24 million spent in 2023, and down from $480,000 in 2022. In 2023, Tether engaged DMM Consulting, a lobbying firm that has also represented El Salvador's Bukele government.