Tether CEO: Profits to reach $13.7 billion in 2024, with more than 400 million global users and only 165 employees

Odaily Planet Daily News Tether CEO Paolo Ardoino posted on the X platform that Tether's 2024 Q4 asset certificate has been officially released. Among them: 2024 full-year profit is as high as 13.7 billion US dollars; 2024 Q4 quarterly profit is 6 billion US dollars; Directly and indirectly hold about 113 billion US dollars in assets; Except for redeemed liquidity funds, it holds more than 7 billion US dollars in stable reserves (a year-on-year increase of 36%); 2024 Q4 USDT issuance is as high as 23 billion US dollars; 2024 USDT total issuance is 45 billion US dollars, ranking second in the entire cryptocurrency market. In addition, Tether Group's own equity soared to more than 20 billion US dollars. Tether Investments holds about 12.5 billion US dollars in assets, and stablecoin excess reserves account for most of the rest. In 2024, Tether USDT reached a milestone of 400 million users worldwide, mainly distributed among emerging markets and developing countries. In 2024, Tether's internal investigation team worked with more than 230 law enforcement agencies in more than 50 countries and regions to ensure the security of the USDT and Crypto secondary market ecosystem. In the coming months, Tether will launch several new products: from artificial intelligence platforms and applications to telecommunications, from new financial tools and services to broader educational work. According to Bitwise CIO Matt Hougan, the Tether team has only about 165 people. In contrast, Goldman Sachs, an investment giant with a profit of up to $14 billion in 2024, has about 45,000 employees.