#Tether , earned $13 billion in 2024.

This number might be a bit abstract, let’s put it into perspective.
‍#OpenAI : Revenue $3.7 billion, loss $5 billion
Anthropic: Revenue $1 billion, loss $5 billion
The amount spent in a year by two top AI companies,
together, still less than what Tether earns in a year.
Even more exaggerated is productivity.
Tether: about 150 people
OpenAI: 3000+ people
👉 per capita output is roughly 60 times less.
How does Tether make money?
In simple terms:
You work for them, they collect interest for you.
You buy 1 $USDT , they collect $1.
Then what?
👉 buys US Treasury bonds.
Interest on bonds: goes to Tether
You: no interest at all
Banks pay interest for deposits,
Tether doesn’t have to.
In 2024, US Treasury yields are high,
Tether earns $7 billion just from interest.
150 people,
manage over $130 billion in Treasury bonds,
no products, no R&D, no marketing.
Money grows by itself.
What if there’s too much money? Tether’s choice: AI
And not just some random concept.
① Computing power: directly buy “AI infrastructure”
Tether lent over $600 million to German company Northern Data.
What does this company do?
Europe’s largest GPU cloud service provider
Over 10,000 Nvidia H100s
the same kind used to train GPT at OpenAI
each costing $20,000–$30,000
This computing cluster ranks 26th in the global TOP500 supercomputers.
Summary in one sentence:
👉 Tether in Europe bought a complete AI training base.
② Data: open source, given for free
What’s missing for AI training?
👉 data.
Last week, Tether released a dataset called QVAC Genesis:
covering 19 disciplines
Mathematics, physics, chemistry, computer science, etc.
Official statement:
The world’s largest open-source AI training dataset
Key point here 👇
OpenAI and Anthropic’s data: not public
Tether: completely free, available online
Whether you use it or not doesn’t matter,
but the ecosystem will revolve around you.
Final question
What is Tether’s essence?
Not a stablecoin company,
but:
👉 the world’s largest, zero-cost liability “bond arbitrage machine.”
As it systematically pours the cash flow from this printing press,
into computing power + data,
you should realize—
this is no longer just a casual layout, but a shift to a new track to build a moat.
‍#AI is still burning money,
Tether has already started using AI to earn “interest.”