Tether projected to earn $15B in profit this year

Key Takeaways

• Tether, the leading stablecoin issuer, is projected to earn $15 billion in profit.
• The company has a whopping 99% profit margin, according to CEO Paolo Ardoino.

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Tether, issuer of the leading dollar-pegged stablecoin, is projected to earn $15 billion in profit this year, according to CEO Paolo Ardoino.

The stablecoin issuer operates with a small team while emphasizing streamlined processes for maintaining its operations. Tether directs a share of its earnings toward Bitcoin acquisitions to bolster its reserves.

CEO Paolo Ardoino advocates for stablecoins as tools for global financial inclusion. The company positions its stablecoin as a resilient alternative amid discussions on central bank digital currencies.

Tether focuses on enhancing financial access in emerging markets through its dollar-pegged digital asset operations.