Key Notes
- The stablecoin issuer’s profitability stems from Treasury-backed reserves benefiting from elevated interest rate environments.
- Tether maintains market dominance with 500 million verified users while competitors expand their token supply significantly.
- The company explores a $20 billion funding round that would value the firm at approximately $500 billion total.
Tether, issuer of the leading stablecoin USDT
USDT
$1.00
24h volatility:
0.0%
Market cap:
$182.95 B
Vol. 24h:
$98.67 B
and the second-largest tokenized gold XAUT, expects net profits near $15 billion in 2025. This projection reflects ongoing growth in the stablecoin sector, where high interest rates have boosted returns on reserves.
According to Bloomberg, Tether CEO Paolo Ardoino shared this outlook during an interview at the Plan B Forum in Lugano, Switzerland, on Oct. 24, 2025. He noted the rarity of such profits and highlighted the company’s focus on building partnerships to expand its reach, without naming specific investors.
The forecast follows Tether’s strong performance in prior years. In 2024, the company posted over $13 billion in net profit, more than double its $6.2 billion from 2023, according to its attestations. Equity has topped $20 billion, aided by rising Bitcoin
BTC
$110 288
24h volatility:
0.8%
Market cap:
$2.20 T
Vol. 24h:
$51.96 B
and gold values in reserves.
According to Bloomberg, Tether CEO Paolo Ardoino has revealed that the company is projected to post a net profit of approximately $15 billion this year, achieving an exceptional profit margin of 99%. When discussing the types of investors Tether aims to attract, he emphasized…
— Wu Blockchain (@WuBlockchain) October 24, 2025
Analysts point to Tether’s low costs and Treasury-backed model as key to its margins. Fintech writer Jevgenijs Kazanins echoed Ardoino’s comments on X, emphasizing the exceptional scale of these earnings.
“This year we’re going to approach another $15 billion profit. That’s very rare,” Tether Chief Executive Officer Paolo Ardoino said, speaking in an interview on the sidelines of the Plan B Forum in Lugano, Switzerland pic.twitter.com/SWI7nnu80d
— Jevgenijs Kazanins (@jevgenijs) October 24, 2025
This comes as Tether explores a funding round for up to $20 billion, implying a $500 billion valuation, according to a CoinDesk report from September. Such a deal would rank it among the top private firms globally.
Stablecoin Market Growth in 2025 and Tether’s Leadership
In context, the stablecoin market has expanded to around $316 billion in 2025, according to CoinMarketCap. Tether holds a dominant share, with recent milestones like reaching 500 million verified users, as Coinspeaker covered on Oct. 21.
Top Stablecoin Tokens by Market Capitalization | Source: CoinMarketCap
Earlier reports from Coinspeaker noted Tether’s record $4.9 billion profit in Q2 2025, and its pivot to gold reserves on Sept. 5 this year. The company’s growth goes beyond the dollar-pegged stablecoin USDT, seeing increased demand for the tokenized gold solution, XAUT.
Competitors like Circle have also minted billions in new tokens, with the stablecoin ratio hitting lows, as detailed in another piece by Coinspeaker. Broader crypto trends, including Bitcoin trading around $110,000, align with increased stablecoin use for payments and DeFi, fueling the crypto market.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.
