Tether Reveals $10B in Bitcoin, $13B Profit, and Gold Reserves

In his presentation, Ardoino also disclosed that Tether earned roughly $13 billion in profit in 2024, positioning it as one of the most profitable companies in the crypto sector. The profit comes largely from interest income on reserves backing USDT, the company’s flagship dollar-pegged stablecoin.

Gold and Bitcoin: Not Rivals, Says Ardoino

Ardoino addressed potential criticism over Tether’s gold holdings—an unusual asset choice in a room filled with Bitcoin purists. “Many Bitcoiners don’t like talking about gold, as if it threatens BTC,” he said. “But gold isn’t competing with Bitcoin. Gold competes with fiat, and that’s why we like a little bit of it.”

He reaffirmed Tether’s belief in Bitcoin as the superior asset, calling it “perfect” compared to the “imperfect” nature of gold. The company’s position, he explained, reflects a diversified reserve strategy rather than a deviation from Bitcoin maximalism.

READ MORE:

Crypto Market Cools as Bitcoin Retreats from Post-Tariff Highs

Tether’s public commitment to holding large BTC reserves aligns with its broader image as both a stablecoin issuer and a heavyweight crypto investor. The inclusion of gold adds a pragmatic hedge, without compromising its core allegiance to Bitcoin.

As Ardoino summed it up: “Bitcoin is the future. Gold just helps us bridge the present.”

The post Tether Reveals $10B in Bitcoin, $13B Profit, and Gold Reserves appeared first on Coindoo.