Stablecoin issuer Tether anticipates that 2025 will be another record-breaking year for its profitability, a testament to the company’s robust business model as the global adoption of digital dollars continues to expand.
According to Bloomberg, the El Salvador-based company projects an approximate profit of $15 billion for 2025, an increase from the $13 billion earned in 2024. This sustained growth further solidifies Tether’s standing as one of the world's most profitable companies on a per-employee basis.
Tether's success is largely attributed to the dominance of its USDt (USDT) token, which stands as the world's largest stablecoin with nearly $186 billion in circulation. This prominent position has attracted considerable interest from investors.
As Cointelegraph recently reported, the company is reportedly seeking to raise $20 billion at a valuation of $500 billion. While CEO Paolo Ardoino has not confirmed specific financial figures, he did indicate that the company is actively pursuing capital from a select group of high-profile investors as it continues to diversify and expand its business operations.
Ardoino stated in an interview with Bloomberg, "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."
Stablecoin Adoption Accelerates
Stablecoins, which are blockchain-based representations of fiat currencies, have seen a significant surge in prominence this year. This trend follows the US Congress's passage of the country's first stablecoin legislation, the GENIUS Act. This legislative action indicates that regulators in the United States, the world's largest economy, are increasingly recognizing the potential of blockchain-based payment systems to bolster the US dollar's global dominance.
Tether co-founder Reeve Collins described this development as part of a larger transformation where major fiat currencies will become tokenized over the next decade.
"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 held in Singapore.
Ardoino further highlighted that USDt has already reached approximately 6.25% of the global population, underscoring the widespread adoption of stablecoins worldwide.