Tether has projected a profit of $15 billion for 2025, reinforcing its stronghold in the stablecoin market as interest in digital dollars expands.
According to Bloomberg, the company, located in El Salvador, estimates earnings will rise from $13 billion in 2024, marking Tether as one of the most profitable firms globally on a per-employee basis.
The success of Tether, bolstered by its USDt (USDT), currently the largest stablecoin with nearly $186 billion in circulation, has attracted significant investor interest.
As reported by Cointelegraph, Tether is looking to gather $20 billion in investment at a $500 billion valuation. While CEO Paolo Ardoino hasn’t confirmed the exact figures, he mentioned the ongoing efforts to secure funding from prominent investors as the company looks to diversify its offerings.
“We have been contacted by an enormous amount of companies that want to invest in us. We have to draw a line in the sand on a valuation that we think is very cheap,” Ardoino stated.
Related: Tether posts $4.9B profit in Q2 as stablecoins go mainstream
Rise of Stablecoin Adoption
This year, stablecoins, which are digital forms of fiat currencies, have gained visibility following the US Congress approving the GENIUS Act, the first stablecoin legislation in the nation, indicating regulators are beginning to recognize the potential of blockchain payment systems in maintaining the US dollar’s global standing.
Tether’s co-founder Reeve Collins described the implementation of major fiat currencies becoming tokenized over the next ten years.
“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” Collins remarked during an interview at the Token2049 conference in Singapore.
Total stablecoin market exceeding $300 billion. Source: DefiLlama
Ardoino also highlighted that USDt has already reached about 6.25% of the global population, highlighting the widespread adoption of stablecoins worldwide.
