Tether Anticipates Profits of ¥2.3 Trillion This Year, Aims to Reach 100 Million U.S. Users with 'USAT'

According to a report by Bloomberg on the 25th, Tether Holdings, the world's largest stablecoin issuer, is expected to achieve profits of $15 billion (approximately ¥2.3 trillion) this year. This was revealed by CEO Paolo Ardoino during an interview at the PlanB Forum held in Lugano, Switzerland. Based in El Salvador, the company issues USDT, the world's largest stablecoin. Bloomberg reported last month that Tether was in discussions to raise up to $20 billion in exchange for about 3% of its shares. If realized, this deal would value the company at approximately $500 billion (about ¥...