Tether Q3 financial report: Net profit of US$2.5 billion, US Treasury holdings of US$105 billion, and stablecoin circulation of US$120 billion

Tether said in its latest Q3 financial report that the group's net profit in the third quarter of 2024 was US$2.5 billion, the full-year profit was US$7.7 billion, the group's equity reached US$14.2 billion, and the consolidated total assets were US$134.4 billion - all of which are historical highs. At the same time, the circulation of stablecoins issued by Tether reached nearly US$120 billion. In terms of reserves, Tether now holds more than US$105 billion in cash and cash equivalents, of which direct and indirect exposure to US Treasuries is as high as US$102.5 billion, making Tether one of the top 18 holders of US Treasuries in the world.