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

Odaily News Paolo Ardoino, CEO of Tether, posted on the X platform that Tether’s asset proof for Q4 2024 has been officially released. Among them:
Full-year profits in 2024 are expected to be as high as $13.7 billion;
Q4 2024 profit is $6 billion;
Directly and indirectly holds approximately $113 billion in assets;
Excluding redeemed liquidity funds, it holds over $7 billion in stable reserves (up 36% year-on-year);
USDT issuance in Q4 2024 will reach $23 billion;
The total issuance of USDT in 2024 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. Tether Investments holds about $12.5 billion in assets, with excess reserves of stablecoins accounting for most of the rest. In 2024, Tether USDT reached a milestone of 400 million users worldwide, mainly in emerging markets and developing countries.
In 2024, Tether's internal investigation team cooperated 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 efforts.
According to a statement published by Bitwise CIO Matt Hougan, the Tether team consists of 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.