Skip to main content

Tether Projected To Hit $15 Billion Profit In 2025 – Report

Tether, issuer of the USDT stablecoin, expects to report a net profit of $15 billion at the end of 2025. This projection comes amid a favorable crypto regulatory environment in the United States, driving interest in stablecoins and other digital assets.

Tether In Funding Talks With Prospective TradFi Investors

In a recent post on Friday, Bloomberg shared key developments on Tether Holdings Ltd, operator of the largest stablecoin in the market. Notably, the company’s CEO and popular crypto figure Paolo Ardoino outlined positive profit predictions of $15 billion by 2025’s end, while speaking in an interview at the recent Plan B Forum in Lugano, Switzerland. 

Bloomberg’s report indicates this projection can be linked to a rapid stablecoin adoption combined with surging investors’ interest in an equity stake in the market’s biggest player. In July, US President Donald Trump signed the GENIUS Act into law, thereby creating a comprehensive regulatory framework for stablecoin operations. 

The legislation addresses several aspects, such as licensing, reserve requirements, consumer and investor protection, and market structure, thereby helping demystify and provide the needed guardrails for a nascent financial industry.

According to Bloomberg, Tether entered discussions with prospective investors last month to raise $20 billion in exchange for a 3% stake in its company. Among these companies reportedly include Japanese firm SoftBank Group Corp. and London-based Ark Investment Management. 

Paolo Ardoino spoke about these potential investments, explaining Tether’s approach and openness to such partnerships. 

Ardoino said:

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. 

He further added: 

There are many funds and tech funds that have in their portfolio many companies that could use part of our technology and other offerings that we have. It’s about synergy and creating bigger impact.

Tether’s USDT currently boasts a market cap value of $182.92 billion, showcasing a 57.5% dominance in the stablecoin market. The company is reportedly set to launch a new USAT token in December, designed to be a US-focused product in compliance with federal regulations, as indicated by the GENIUS Act.

Tether-Backed Rumble Introduces Bitcoin Tip Creators

In other news, video-sharing platform Rumble is now set to introduce Bitcoin tipping for its creators, according to its CEO Chris Paglovski, while speaking onstage also at the Plan B Forum in Switzerland.

Notably, the company is teaming up with Tether on this feature, with projections of a full rollout in the next five to seven weeks. This development follows the stablecoin issuer’s notable investment of $775 million into Rumble in December 2024.

Tether

from Bitcoinist.com https://ift.tt/LmHpSUv
Labels:

Comments

Post a Comment

Popular posts from this blog

Coinbase Adds Wormhole To Spot Trading As Solana Infrastructure Tokens Gain Visibility

Coinbase listings still matter, even in a market that likes to pretend every token is already globally accessible. The exchange ’s decision to add Wormhole puts another major infrastructure name in front of a much broader pool of traders. That matters because Wormhole is not just another speculative ticker. It sits inside one of crypto’s most important, and most debated, categories: cross-chain connectivity. For more details, visit the official Coinbase platform. TL;DR Coinbase is adding support for Wormhole’s W token on spot markets. The listing gives a higher-profile venue to a token tied to cross-chain infrastructure. It also keeps Solana ecosystem names in front of mainstream exchange users. Why A Wormhole Listing Is Interesting Bridge and messaging infrastructure often do not get the same retail attention as consumer-facing protocols, but they matter enormously to how liquidity and applications move between ecosystems. Coinbase’s listing helps push t...
Post a Comment
Read more

Ethereum On Exchanges Crashes To Historic Low Amid Market Volatility, A Bullish Signal For Price?

Ethereum saw a bounce back above the $3,000 price market , with bullish sentiment gaining momentum among investors, especially those on centralized exchanges. Even with the market experiencing sideways movements, the overall supply of ETH on crypto exchanges has fallen sharply, hitting unprecedented levels. Lowest Supply Of Ethereum On Exchanges Recent signals from on-chain metrics indicate that the Ethereum market environment is undergoing a quiet yet significant transformation. This unfolding trend is due to the sharp drop in the supply of ETH available on cryptocurrency exchanges. Related Reading: Ethereum Network Fatigue? Monthly On-Chain Transactions Drops As Activity Slows Down As reported by Coin Bureau on the social media platform X, ETH supply on centralized exchanges has hit levels not seen in years. With more holders choosing long-term storage, staking, and self-custody over keeping their assets available for trade, this significant supply drain indicates a change in i...
Post a Comment
Read more

Bitcoin Remains Range-Bound As Volatility Declines – Analyst Explains Price Action

Bitcoin has experienced frustrating price action in recent weeks, leaving investors impatient about its short-term direction. The price has been testing crucial supply levels between $98K and $100K, struggling to break out as uncertainty dominates the market. The lack of a clear move has led to speculation about whether BTC is preparing for a breakout or another correction. Adding to the uncertainty, the market was hit by negative news on Friday when crypto exchange Bybit was hacked, resulting in the theft of $1.4 billion in ETH. The incident caused fear and volatility, briefly dragging prices lower. However, Bybit responded quickly to reassure investors, easing some of the initial panic and stabilizing the market. Despite this, Bitcoin continues to consolidate in a tight range. Crypto expert Daan shared an analysis on X, noting that BTC is still ranging while volatility is steadily decreasing. As price compression increases, traders are on high alert for a potential explosive move....
Post a Comment
Read more