Tether Q2/ 2024
The revenue report for Tether for the second quarter of 2024 has just been released on its official website. In recent years, Tether (USDT), the world's largest stablecoin issuer, has demonstrated remarkable growth, overcoming previous skepticism and conspiracy theories regarding its legitimacy.
8/5/20243 min read


Tether Revenue Report Q2/2024
In recent years, Tether (USDT), the world's largest stablecoin issuer, has demonstrated remarkable growth, overcoming previous skepticism and conspiracy theories about its legitimacy.
The financial results for Tether in the first half of 2024 are impressive, with a net profit of $5.2 billion. This translates to a profit of $42 million per employee based on the company's total of 123 employees. This figure not only reflects operational efficiency but also highlights Tether's unique business model.
Tether's ability to maintain its peg and facilitate transactions across various exchanges has solidified its position as a crucial player in the cryptocurrency market. This profitability suggests strong demand for USDT and illustrates how the company has effectively navigated challenges while continuing to expand its reach and influence in the digital asset ecosystem.
Tether's Statement:
Q2/2024: Operating net profit of $1.3 billion, described as "the best results ever."
Q1/2024: Record profit of $4.52 billion.
Net profit for the first half of the year: $5.2 billion.
Group equity: $11.9 billion (as of June 30, 2024).
Total reserves: $118.4 billion.
Total liabilities: $113.1 billion (of which $112.4 billion is related to digital tokens).
Reserve surplus: $5.3 billion.
Holdings of U.S. Treasury bonds: $97.6 billion (a record high).
In terms of assets, Tether has accumulated a substantial amount of U.S. Treasury bonds, totaling over $97 billion, placing them as the 18th largest creditor in the U.S., surpassing countries like Germany, the UAE, and Australia. This not only ensures the stability of USDT but also generates new demand for U.S. Treasury bonds, indirectly supporting the U.S. government in funding its budget deficit.
This strategic position reinforces Tether's commitment to maintaining transparency and stability, securing its role as a leading player in the cryptocurrency market while contributing positively to the broader financial ecosystem.




In addition, Tether is expanding its investments in advanced technology sectors such as sustainable energy, Bitcoin mining, AI, and neural technology. This demonstrates the company's long-term vision and adaptability to new technological trends.
Notably, Tether plays a crucial role in providing a stable store of value for people in developing countries, allowing them easier access to USD.
It is significant that Tether is not only focused on maintaining reserves for USDT but also diversifying its investments into various advanced technology fields, including AI, blockchain, P2P telecommunications, and neural technology. This strategy reflects the company's long-term vision to diversify its investment portfolio and create sustainable value.
With equity reaching $11.9 billion and reserves exceeding $5.3 billion above liabilities, Tether is showcasing exceptional financial strength. This not only reinforces investor confidence in USDT but also establishes a solid foundation for the company’s ambitious development plans in the future.


Overall Assessment
Strong Profit Growth:
The net profit for the first half of the year reached $5.2 billion, with Q2 contributing $1.3 billion.
This showcases Tether's impressive profitability and effective business model.
Solid Financial Position:
Equity stands at $11.9 billion, demonstrating a strong financial foundation.
Reserves exceed liabilities by $5.3 billion, providing a significant safety buffer for USDT.
Prudent Investment Strategy:
Holding $97.6 billion in U.S. Treasury bonds highlights a focus on safety and high liquidity.
Ranking 18th among U.S. creditors illustrates Tether's considerable influence in the global financial market.
Scale Growth:
An additional issuance of $8.3 billion USDT in Q2 indicates continued strong market demand for Tether's stablecoin.
Risk Management:
An unrealized loss of $653 million from Bitcoin was partially offset by a gain of $165 million from gold.
This reflects a diversified investment strategy aimed at mitigating risk.
Transparency:
The report is verified by BDO, a reputable independent accounting firm, enhancing the reliability of the data.
Investments in sectors such as sustainable energy, AI, and blockchain demonstrate Tether's long-term vision and adaptability to emerging technological trends.
Total reserves of $118.4 billion versus liabilities of $113.1 billion indicate a safety reserves ratio of over 100%.
The financial metrics of Tether in Q2/2024 reflect a company exhibiting strong growth, a solid financial foundation, and a prudent investment strategy. However, it's essential to continue monitoring how Tether manages risks in its cryptocurrency investments while maintaining transparency in its long-term operations.
HOLD Coin CVenture
A news and analysis platform focused on evaluating the crypto market, tailored for long-term investors.
HCCVenture © 2024. All rights reserved.
Contact to us
Gmail : holdcoincventure@gmail.com


Full social media : https://linktr.ee/holdcoincventure
HOLD Coin CVenture is a cryptocurrency investment community with a medium to long-term vision. The group consists of market analysts who provide in-depth insights into the cryptocurrency market through on-chain analysis, macroeconomic perspectives, and evaluations of the potential of blockchain projects.
The group focuses on enhancing macroeconomic and on-chain perspectives for both domestic and international investors. We offer valuable insights and guidance on identifying promising projects and making informed investment decisions.
The direction of HOLD Coin CVenture is to become one of the strongest market analysis communities in Vietnam.