TL;DR:
- Tether forecasts around $15 billion in profit this year, nearing a $500 billion valuation.
- The firm is in talks with investors like SoftBank and Ark Invest amid expanding ventures.
- CEO Paolo Ardoino highlights a 99% profit margin and renewed U.S. ambitions through a new stablecoin.
Tether Holdings Ltd., the El Salvador-based issuer of the world’s largest stablecoin, expects to post around $15 billion in profit this year, a figure that cements its dominance in crypto finance. The company’s rapid growth has drawn massive investor attention, with talks reportedly underway to raise up to $20 billion for roughly a 3% equity stake, valuing Tether at about $500 billion.
Profit Surge and Market Leadership
Tether’s profits are driven by its vast reserves of U.S. government debt, which generated $13 billion last year amid high interest rates. Its flagship token, USDT, maintains a one-to-one peg with the U.S. dollar and now represents about 60% of the global stablecoin market, with roughly $183 billion in circulation. CEO Paolo Ardoino described this year’s expected results as “very rare,” reflecting a 99% profit margin unmatched by any other company.
Investor enthusiasm has been hard to ignore, according to Ardoino, who said Tether has been approached by “an enormous amount of companies” eager to invest. Among those reportedly in discussions are SoftBank Group and Ark Investment Management, whose involvement could enhance Tether’s mainstream appeal and technology partnerships.
Tether is planning a return to the U.S. market through a new stablecoin initiative called USAT, designed to leverage the country’s pro-crypto environment under President Donald Trump. Beyond digital assets, Tether has also diversified its portfolio with a notable 11.5% stake in Italian football club Juventus. Ardoino said the company proposed two candidates for the team’s board to “give fans a voice,” reflecting a blend of passion and strategic expansion.
Despite friction with Juventus’ ownership, Tether’s leadership dismissed speculation about a full acquisition, focusing instead on strengthening influence across industries. As Ardoino summarized, “It’s about synergy and creating bigger impact.”
