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Tether (USDT) Achieves Record High Group Net Profit of $13 Billion Last Year

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JH Kim
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  • Tether (USDT) announced that last year's group total net profit reached a record high of $13 billion.
  • It reported earning approximately $7 billion in profits from U.S. Treasury bonds and repo holdings.
  • The unrealized gains from gold and Bitcoin (BTC) investments amounted to $5 billion.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

According to the cryptocurrency-focused media outlet CoinDesk on the 31st (local time), Tether (USDT) announced through its annual report that the group's total net profit reached $13 billion last year. This marks the highest performance on record.

Among this, the profit from U.S. Treasury bonds and repo holdings was approximately $7 billion, while unrealized gains from gold and Bitcoin (BTC) investments amounted to $5 billion.

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