Paolo Ardoino, CEO of Tether, announced that the company is expected to achieve over 10 billion USD in net profits for 2024, mainly through investments in US government bonds and gold that back USDT.
Above 50% of Tether’s profits will be reinvested in pivotal projects for 2024, including Northern Data (1 billion USD), Blackrock Neuro (200 million USD), and Rumble (775 million USD), focusing on future developments.
With total profits of 7.7 billion USD in the first three quarters and assets amounting to 100 billion USD, Tether secures its position as a key player in government bonds and traditional finance.
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