Tether Eyes $15 Billion in 2025 Profits as IPO Buzz Heats Up

Tether CEO Paolo Ardoino announced that the stablecoin issuer expects to achieve nearly $15 billion in profit this year, building upon the $13 billion profit recorded last year. Ardoino claimed Tether maintains an unprecedented 99% profit margin, which he stated no other company in the world can match. These comments were made in the context of persistent rumors about Tether's impending Initial Public Offering (IPO). Ardoino also suggested that the company's rumored $500 billion valuation is actually 'very cheap,' indicating a desire for a higher figure. Tether is reportedly making concrete plans for the IPO and is attracting significant investor interest. To sustain growth, the company is launching an impending USAT stablecoin to comply with US regulations and has seen surging investment in its tokenized gold product, alongside elevated minting of USDT to inject market liquidity.

(Source：BeInCrypto)