Tether Now Holds More U.S. Treasury Assets Than Germany and Australia

• Tether's net equity nearly doubled to $14 billion in 2024.
• The company profited $2.4 billion from gold reserves and U.S. Treasury assets in Q3.
• Tether's reserves now include $105 billion in cash and equivalents, with $102.5 billion in U.S. Treasuries.

Stablecoin Tether (USDT) has just released a new audit regarding the company’s year-to-date performance. The audit – performed by third-party auditor “BDO” – highlighted the stablecoin’s record-breaking performance in 2024. 

The company’s net equity has more than doubled its size since December 31st. According to the paper, it went from ~$7 billion on New Year’s Eve to today’s total equity of $14 billion. Now – the company’s total assets total a whopping $134.4 billion.

In this year’s third quarter alone – Tether profited $2.4 billion coming from its gold and U.S.treasury assets reserves. Also, USDT’s market cap grew by 30% year-to-date.

Stablecoin adoption has seen a significant surge over the past couple of years. In some places of the world like Argentina and Brazil, USDT has become an end to workers trying to protect their money from inflationary fiat currencies that continuously underperform against the U.S. Dollar.

Also, stablecoins have had a big impact on this year’s Presidential election, with Donald Trump claiming that he plans on using dollar-pegged currencies in order to make America’s greenback continue its dominance as a global reserve among foreign countries.

Tether Reserves Grows 

Tether's reserves have seen significant growth, with the company now holding over $105 billion in cash and cash equivalents. A standout figure here is their massive $102.5 billion exposure to U.S. Treasuries. This level of investment puts Tether in an impressive position, ranking it 18th among the world's top holders of U.S. Treasuries.

To give it some context, Tether's U.S. Treasury holdings surpass those of entire countries like Germany, Australia, and the UAE. This recent growth marks an increase of about $5 billion compared to their last report. Such substantial reserves not only solidify Tether’s position in the crypto market but also reflect the company’s strategic financial maneuvers in the broader economy.