Tether’s $6.2 billion revenue in 2023 outpaces BlackRock: what’s driving this growth?

USD	2024-9-12 20:34

Tether, the world’s largest stablecoin issuer, reported a staggering $6. 2 billion in revenue for 2023, surpassing the $5. 5 billion earnings of global investment titan BlackRock. With only 100 employees compared to BlackRock’s 20,000, Tether’s extraordinary profitability highlights the growing impact of digital assets on traditional finance.

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Tether (USDT) на Currencies.ru

$ 1 (-0.04%)

Объем 24H $164.174b

Изменеия 24h: -0.10 %, 7d: -0.05 %

Cегодня L: $0.9997 - H: $1.001

Капитализация $130.153b Rank 3

Доступно / Всего 130.151b USDT

tether billion blackrock revenue 2023 100 employees

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Источник: invezz.com

tether billion → Результатов: 126

Tether’s $4B Minting Sparks Bitcoin Surge, Pushing Prices Near $90K

Tether recently injected $4 billion into the crypto market, minting $2 billion in USDT twice over the last two days. This influx has driven a surge in demand for Bitcoin, sending the price to a new high of $89,500 as traders and investors rush to acquire assets. 2 days ago, […]

2024-11-13 13:12	Whales
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Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit

Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month.

2024-8-1 09:00
tether billion report half attestation year released

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Tether holds more US Treasuries than Germany, ranks 19th globally

Quick Take Tether reported a massive $4. 52 billion profit in the first quarter of the year. Notably, the stablecoin issuer’s consolidated financial figures revealed that as of March 31, it held a staggering $91 billion in direct and indirect US treasury bill holdings.

2024-5-18 00:14	Price Watch
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Tether (USDT) Targets $100 Billion Cap as Market Hopes for New Inflows

Tether minted 1 billion USDT on Monday

2024-1-30 19:20
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Tether Mints 1 Billion Tron-Based Tokens

Tether Treasury's recent minting of 1 billion USDT on Tron network marks a continuation of its significant expansion in the stablecoin market

2023-12-11 21:40
tether billion continuation significant market stablecoin marks

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Stablecoin Issuer Tether Reports $700M Profit, Complete Exit From Commercial Paper

Tether's assets as of Dec. 31 stood at $67 billion, with liabilities of $66 billion, almost all of which relates to digital tokens issued.

2023-2-10 14:29	Business
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Tether Reduces Commercial Paper Holdings Almost 60% as It Tackles Quality Concerns

Stablecoin issuer Tether has cut its commercial paper holdings to $8.5 billion, with a further reduction to $3.5 billion planned for the end of the month.

2022-7-1 17:34	Business
tether billion holdings paper commercial month further

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Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say

Tether reduced its commercial paper holdings by 17% from $24.2 billion to $19.9 billion in the quarter ended March 31, according to it latest attestation report.

2022-5-20 17:49	Business
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Tether's Market Cap Hits $40 Billion, Matching eBay

Tether's market cap has surpassed $40 billion as the stablecoin starts growing at a breakneck speed

2021-3-24 18:56
tether billion market cap growing starts breakneck

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What the drop in Tether's supply means for Bitcoin's price

Tether’s market capitalization has mushroomed from $2 billion in February 2019 to $20 billion, at the time of writing. What went behind this 10x growth varies across a host of factors, namely, the iThe post What the drop in Tether's supply means for Bitcoin's price appeared first on AMBCrypto.

2020-12-22 21:30	BTC Trading View
tether billion price bitcoin means supply drop

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Tether Prints $120 Million, Surpasses $10 Billion

Tether has just minted $120 million worth of usdt tokens which are pegged to the dollar 1:1. That brings their total market cap above $10 billion for the first time...

2020-7-23 20:51	#tokens
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Tether’s market cap hits an ATH of $4 billion; Bitcoin pumps correlated?

Long have there been rumours regarding Bitcoin’s price and Tether. Are they true though? One can only speculate. Tether’s total circulating supply right now is approximately 200 million USDT short of reaching 4 billion.

2019-7-19 16:30	USDT
tether billion bitcoin market cap ath correlated

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Oops! Tether ‘Accidentally’ Created $5 Billion in Crypto Out of Thin Air

Due to human error and fat fingers, Tether accidentally printed $5 billion of its fiat-pegged cryptocurrency out of thin air. Oops. The mistake occurred when the Tether team was in the process of moving tokens from the Omni Layer to the Tron blockchain.

2019-7-15 23:00	Tether
tether billion thin oops air out accidentally

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Tether Mistakenly Prints $5 Billion

Tether has mistakenly printed $5 billion worth of USDT during a transition from the bitcoin based Omni platform to Tron. Paolo Ardoino, CTO at Bitfinex, said: “While preparing the issuance.

2019-7-15 18:20	#tokens
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$200 Million USDT Issued on Ethereum, Tether Surpasses $3 Billion

Tether’s market cap has risen to circa $3.1 billion, up $300 million since last month. Sending it to the highest level it has ever been. Tether now has $2.6 billion...

2019-5-26 15:53	News
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Deltec Bank Shares Cryptic Message of Tether’s Reserves

The Tether company claims to have $1.8 billion after a serious restriction of Tether in circulation.

2018-11-5 17:18	News
tether billion serious circulation restriction company cryptic

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Tether’s Supply Falls $300 Million

Tether’s market cap has fallen during the past three weeks from just above $2.7 billion to around $2.4 billion for only the second time in any noticeable manner. The first... The post Tether’s Supply Falls $300 Million appeared first on Trustnodes.

2018-8-11 17:55	News
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Here Is Why the XRP Community Wants the Coin Added as A Base Currency on Binance

The Binance cryptocurrency exchange is one of the most active ones in the crypto-verse. Binance is currently handling a 24 hour trade volume worth $1. 108 Billion at the moment of writing this. The exchange facilitates trading through the base currencies of Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and its very own Binance Coin (BNB).

2018-8-10 11:24
binance base coin exchange wants ethereum xrp

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Tether has $3 Billion Daily Volume 76% Higher Than Ethereum, Bad Market Condition

Tether, better known for its ticker USDT, is a cryptocurrency whose value is hedged to that of the US dollar. As of June, the daily trading volume of Tether remains above $3 billion, 7 percent higher than the volume of Ethereum.

2018-6-24 09:30	USDT
volume ethereum daily tether billion higher trading

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Bitfinex-hired Law Firm Validates Existence of Tether Reserves

On Wednesday, a law firm hired by Bitfinex regarding its USD-backed Tether token released a four-page report indicating that Bitfinex had assets in its bank account that accounted for and exceeded the supply of over 2.

2018-6-23 00:44	USD
bitfinex firm tether law bank billion usdt

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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars

Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.

2018-6-21 23:05	Digital assets
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Tether Shows Law Firm Its Funds But Stops Short of an Audit

Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2. 6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all.

2018-6-20 21:10	USDT
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Clearing Up Misconceptions: This Is How Tether Should (and Does) Work

There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U.

2018-6-14 22:01	Digital assets
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Bitcoin overtakes silver as 7th largest asset after hitting $94k ATH

Bitcoin (BTC) continues to cement its position as a dominant asset in the global financial landscape, achieving a historic milestone this week. According to the latest Bitfinex Alpha Market Report, BTC’s market capitalization has surpassed that of silver, reaching an all-time high (ATH) of $1.

Paxos to acquire Membrane Finance to expand into EU market

Paxos, a prominent stablecoin issuer, has reached an agreement to acquire Membrane Finance, a Finland-based electronic money institution, in a strategic move to gain access to the European Union. This acquisition comes about five months after the EU’s stablecoin regulations, part of the broader Markets in Crypto Asset (MiCA) framework, were implemented. Crypto firms are […]

BTC consolidates near $92K as retail trading intensifies; HBAR and OM surge

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London-based stablecoin firm BVNK targets $50m funding amid crypto boom

A Bloomberg report reveals stablecoin payments provider BVNK is reportedly in early discussions to raise at least $50 million in a fresh funding round, highlighting growing investor interest in the digital payments sector.

The Trump effect: Bitcoin’s wild ride takes a breather

The Bitcoin market, ablaze with speculative fervor following Donald Trump’s election victory, is experiencing a period of relative calm as investors await concrete policy developments. The cryptocurrency’s meteoric rise, fueled by Trump’s pro-crypto stance, appears to be moderating, prompting traders to reassess their positions.

Bhutan government transfers $33.31M in BTC to Binance

In the rapidly shifting cryptocurrency world, Bhutan is steadily establishing its footprint with a unique and calculated approach to digital assets. This small Himalayan nation recently caught the attention of crypto-watchers worldwide when it deposited 365 Bitcoin (BTC), valued at approximately $33.

Germany’s Deutsche Telekom enters blockchain with NEAR validator role

Deutsche Telekom AG, the world’s fifth-largest telecommunications provider by revenue, has taken a notable step into blockchain by joining the NEAR ecosystem as an Enterprise Node Operator. The partnership, announced on 11 November, positions the German telecom giant as a validator, strengthening NEAR Protocol’s decentralisation and enhancing network security.

2024-9-12 20:34

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