Tether experts book  billion profit by 2025: Bloomberg

Tether experts book $15 billion profit by 2025: Bloomberg

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USDT stablecoin issuer Tether expects record profits of nearly $15 billion by 2025 as it accelerates expansion into the US.

The expected profit, reported from Bloomberg, would represent an increase of about $2 billion from 2024 and cement Tether’s position as one of the most profitable companies in the world per employee.

The company is also preparing for its next phase of growth with the launch of a US dollar token in December through a joint venture with Anchorage Digital, and a partnership with video sharing platform Rumble to enable Bitcoin tipping for its 51 million users.

“We’re going to hit the ground running and take market share away from our competitors, who were the ones who tried to kill us in the first place,” said CEO Paolo Ardoino.

Tether dominates the Stablecoin space

Tether is the issuer of USDT, the largest stablecoin with a market cap of $182.94 billion, according to CoinMarketCap.

Top stablecoins by market capitalization (Source: CoinMarketCap)

To put USDT’s dominance into perspective, the second largest stablecoin is Circle’s USD Coin (USDC), with a market cap of $76.33 billion.

Earlier this year, Bloomberg reported that Tether wanted to raise $20 billion at a $500 billion valuation. Ardoino has said Tether is pursuing capital “from a select group of high-profile investors” as it continues to expand its business operations.

Tether Eyes Investments to Grow USAT Token

Tether is planning new investments to bring its US-focused USD stablecoin, called USAT, to 100 million users in America, Ardoino said in an interview yesterday.

The USAT token was designed specifically for the US market and to meet the requirements of the GENIUS Act. USAT will be issued by Tether America through a joint venture between Tether and regulated US bank Anchorage Digital.

“For the US market, you need to create a more professional and digital approach to money that can compete with PayPal and so on,” Ardoino said.

Rumble to Roll Out Bitcoin Tipping with the Help of Tether

Meanwhile, Rumble, in which Tether invested $775 million last year, has teamed up with the stablecoin issuer to enable Bitcoin tipping, according to CEO Chris Pavlovski.

“Right now we are in the testing phase, but we will be rolling that out here alongside Tether in the coming weeks,” the CEO said on stage at the Plan ₿ Forum in Lugano, Switzerland.

Ardoino said at the same event that he expects a full rollout in early to mid-December, once minor bugs are fixed and the UX is completed.

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