Tether released its Q3 reserve report for 2024, with a net profit of $2.5 billion, mainly contributed by gold holdings and US Treasury yields. The circulation of USDT has risen by $27.8 billion from the beginning of the year to now, with a total market capitalization close to $120 billion, and excess reserves increasing to over $6 billion. Tether holds over $105 billion in cash and cash equivalents, ranking within the top 18 holders of US Treasury bonds globally. The net asset value of Tether Investments, the proprietary investment department, has reached $7.7 billion, with its strategic investments spanning key industries such as renewable energy, BTC mining, AI, telecommunications, and education.