Tether, issuer of the stablecoin USDT, expects to report net profit of $15 billion at the end of 2025. This projection comes amid a crypto-friendly regulatory environment in the United States, sparking interest in stablecoins and other digital assets.
Tether in funding talks with potential TradFi investors
In a recent article published on Friday, Bloomberg shared key developments regarding Tether Holdings Ltd, operator of the market’s largest stablecoin. Notably, the company’s CEO and popular crypto figure, Paolo Ardoino, presented positive profit forecasts of $15 billion by the end of 2025, during an interview at the recent Plan B Forum in Lugano, Switzerland.
The Bloomberg report states that this projection may be linked to rapid adoption of the stablecoin combined with growing investor interest in an equity stake in the largest player in the market. In July, US President Donald Trump signed the GENIUS Act into law, 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, helping to demystify and provide the necessary safeguards for a nascent financial sector.
According to Bloomberg, Tether began discussions with potential investors last month to raise $20 billion in exchange for a 3% stake in its company. Among these companies would be the Japanese company SoftBank Group Corp. and Ark Investment Management, based in London.
Paolo Ardoino spoke about these potential investments, explaining Tether’s approach and its openness to such partnerships.
Ardoino said:
We have been contacted by a large number of companies who want to invest in us. We must put an end to a valuation that seems very cheap to us.
He further added:
There are many technology funds and funds that have many companies in their portfolio that could use some of our technology and other offerings that we have. It’s about synergy and creating greater impact.
Tether’s USDT currently boasts a market capitalization of $182.92 billion, showing 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 and compliant with federal regulations, as outlined in the GENIUS Act.
Tether-Backed Rumble Features Bitcoin Trick Creators
Separately, video sharing platform Rumble is now preparing to introduce Bitcoin tipping for its creators, according to its CEO Chris Paglovski, while also speaking on stage at Forum Plan B in Switzerland.
The company is notably partnering 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 $775 million investment in Rumble in December 2024.
Featured image from iStock, chart from Tradingview
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