Tether Targets Nearly $15 Billion Profit in 2025 Amid Stablecoin Market Boom

Tether, the issuer of the dominant stablecoin USDT, is projecting a remarkable $15 billion in profit for 2025, according to CEO Paolo Ardoino at the Plan B Forum in Lugano. This ambitious forecast comes as the overall stablecoin market is expected to swell to $316 billion.

Simple Model, Massive Earnings

Tether's extraordinary profitability is driven by its simple, yet effective, business model: earning interest from the massive reserves of U.S. Treasuries that back USDT. With high interest rates remaining in effect, this yield translates directly into billions.

• The company's projected 2025 profit follows a record-breaking $13 billion net income in 2024, which itself was more than double the $6.2 billion earned in 2023.
• Tether's total equity now exceeds $20 billion, giving it a profitability margin that rivals major global banks, a feat one analyst called "staggering" for a private firm.

Expansion and a $500 Billion Valuation

Despite ongoing criticism regarding its transparency, Tether is pushing for massive expansion.

• The company is reportedly seeking a $20 billion funding round that could place its valuation near $500 billion, positioning it as one of the world's largest private technology companies.
• Ardoino indicated that future growth will focus on expanding partnerships and infrastructure.
• Tether's gold-backed token, XAUT, is also performing well and contributing to earnings, benefiting from the rising price of gold.

Stablecoins' Dominance

With over 500 million verified users, Tether is the dominant force in the stablecoin sector. Its deep reserves and unmatched liquidity keep it ahead of competitors like Circle's USDC. The company's continuing high interest income and potential mega-valuation suggest that 2025 is set to be Tether's most profitable, yet potentially controversial, year to date.

October 2025, Cryptoniteuae