According to online reports, Tether released its fourth quarter report for 2024, showing that annual net profit exceeded US$13 billion and the group's equity exceeded US$20 billion. In the fourth quarter, holdings of U.S. Treasury bonds reached US$113 billion, surpassing historical records, making Tether one of the world's largest holders of U.S. Treasury bonds. At the same time, Tether's excess reserves exceeded US$7 billion for the first time, an annual increase of 36%.