Tether profit margin 99%, estimated to earn 15 billion dollars this year

The CEO of Tether, the world's largest stablecoin issuer, Paolo Ardoino, stated that Tether's profit is expected to reach $15 billion this year, with a profit margin of 99%. Due to the rapid growth of stablecoin adoption this year, many companies are rushing to invest, pushing its valuation to $500 billion, making it one of the most valuable private companies in the world.

Paolo Ardoino: Tether made a profit of 15 billion this year, with a profit margin of 99%.

Tether CEO Paolo Ardoino stated in an interview last Friday at the Plan B forum held in Lugano, Switzerland, that Tether estimates its profits will reach $15 billion in 2025, with a profit margin as high as 99%, and that no other company in the world can achieve this. However, he did not disclose whether the data he cited adheres to the same reporting standards that public companies must follow.

( Tether does not consider an IPO, with each employee earning 130 million dollars, making it the “bank” with the highest per capita profit globally )

Everyone is rushing to invest in Tether, with a valuation looking at 500 billion.

Although Tether has such amazing profits without the need for external investment, Ardoino stated that it is difficult to ignore the outside interest in it.

“Many companies have contacted us, hoping to invest in us. We must draw the line on valuations that we believe are very cheap,”

It is reported that the institutions negotiating to participate in this round of financing include SoftBank Group and Ark Investment Management LLC, with a valuation of $500 billion.

Support from two investment giants may assist Tether in further development and gaining more mainstream recognition in the technology and financial sectors. When asked about the type of investors he would like to attract, Ardoino did not disclose potential investors:

“Many investment portfolios of funds and technology funds contain many companies that can utilize some of our technologies and other products. This is about synergies and creating a greater impact.”

Stablecoin is adopting rapid growth.

Benefiting from the rapid growth of stablecoins, Tether is expected to become one of the most valuable private companies in the world.

Since the U.S. passed the first legislation regulating the niche market of cryptocurrencies in July of this year, consumers and businesses have been using stablecoins to make real-world purchases and payments at a faster pace.

According to a report from blockchain data provider Artemis, transactions involving goods, services, and transfers through stablecoins in August exceeded $10 billion, up from $6 billion in February, more than double the amount from the same period last year. Researchers at Artemis stated that at this rate, stablecoin payments for the entire year could reach $122 billion.

Business-to-business transfers are a major component of stablecoin payments, indicating that companies are using stablecoins to bypass the delays of traditional banking.

This article states that Tether's profit margin is 99%, estimating it can earn 15 billion dollars this year, first appearing in Chain News ABMedia.