Tether reported record-breaking profits exceeding $13 billion in 2024, largely due to its investments in U.S. Treasuries

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As Cointelegraph recently reported, the company posted a record-breaking profit of $13 billion in 2024 thanks to its massive stockpile of US government bonds collecting interest

The stablecoin issuer has also been reporting record numbers when it comes to its finances. Tether reported yearly net profits exceeding $13 billion in Q4, as well as a record amount of exposure to U.S. Treasuries.