Tether just revealed a record-breaking $13B profit in 2023.
That’s more than Goldman Sachs or BlackRock made last year. 🤯
How did the world’s biggest stablecoin company pull this off? And what does it mean for crypto? 👇
Tether ($USDT) made:
$7B from U.S. Treasuries & repo markets
$5B from unrealized BTC & gold gains
$1B from other investments
For a company that prints stablecoins, that’s some serious cash.
It holds $143.7B in assets vs. $136.6B in liabilities—leaving $7B in excess reserves.
This is one of the biggest capital cushions Tether has EVER had.
But there's more…
They’ve been quietly stacking BTC—now holding 84,000 Bitcoin, worth $7.8B at year-end.
This makes them one of the top institutional Bitcoin holders worldwide.
Why is a stablecoin company betting big on BTC?
With a $140B market cap, Tether is the fourth-largest crypto and the backbone of digital asset trading.
But there’s a problem: Exchanges are delisting USDT for EU users due to MiCA regulations.
Could this impact its dominance?
They just announced plans to move HQ to El Salvador, the Bitcoin-friendly nation led by Nayib Bukele.
With crypto regulation tightening in the US & EU, this could be a strategic escape hatch.
Why does this matter? Tether is proving it’s more than just a stablecoin printer.
Massive profits
Growing BTC reserves
Strategic relocation to a Bitcoin hub
This isn’t just about stablecoins—it’s about the future of crypto financial powerhouses.
The big question: Should we trust Tether? They’re printing billions, buying BTC, and moving jurisdictions.
Are they building the future of decentralized finance? Or is this the biggest house of cards in crypto?