On Thursday, Tether Holdings Limited, the publisher of the world's largest USDT, reported a fourth-quarter profit of $700m, according to its latest certification report. The consolidated assets exceed the consolidated liabilities.

Sablecoin foreign investor Tether ended the year with zero commercial paper and at least $67 billion in combined assets and at least $960 million in excess reserves. In addition, it reduced secured loans as agreed during the year, and continued to do so throughout 2023.

Paolo Ardoino, Tether's technical director, said in a series of tweets on Feb. 9 that the company has now demonstrated a better risk management strategy. It helped the smooth bond publisher maintain a leading level while ramping up profits.

Not only can you successfully redeem more than $21 billion in this year's derangement, but Tether has also launched more than $10 billion in USDT, indicating that Tether is once again organically growing and being selected.

The guarantee conducted by BDO, the top five independent accounting firm in the world, shows that the total consolidated liabilities exceed US $66 billion, of which 99.9% account for publicly issued data dynamic passwords.

Tether reserves remain liquid, with the vast majority of payments made in cash, quasi-currency and other short-term deposits. The most direct open-end of China's foreign bonds jumped to more than 58%, the largest percentage so far.

Wade Adoino also said Tether has stepped up its investment in teaching projects, especially in emerging economies. The main purpose is to understand the huge difference between building for the evolution of the financial industry and building for speculation.

The market value of USDT picks up

In November, USDT's market capitalization fell from $80 billion to $65.3 billion. However, market capitalization has increased since December, as the Tether service promises to reduce the openness of commercial paper and guaranteed loans.

At this stage, USDT has a market capitalization of $68.19 billion. The recovery of the login password industry in January was supported by a boost in USDT trading to help restore the market capitalization of USDT. In addition, the market value of the dollar coin (USDC) has fallen to $41.5 billion.

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