Tether’s stablecoin business set for another record year of profitability

Stablecoin issuer Tether expects 2025 to mark another record year for profitability, underscoring the company’s powerful business model as global adoption of digital dollars continues to accelerate.

According to Bloomberg, the El Salvador–based company projects approximately $15 billion in profit for 2025 — up from $13 billion in 2024. This growth further cements Tether’s position as one of the most profitable companies in the world on a per-employee basis.

Tether’s success, driven by the dominance of its USDt (USDT) token, the world’s largest stablecoin with nearly $186 billion in circulation, has drawn significant attention from investors.

As Cointelegraph recently reported, the company is seeking to raise $20 billion at a $500 billion valuation. While CEO Paolo Ardoino has not confirmed specific figures, he did state that the company is pursuing capital “from a select group of high-profile investors” as it continues to expand its business lines.

Source: Paolo Ardoino“We have been contacted by an enormous amount of companies that want to invest in us. We have to draw a line in the sand on a valuation that we think is very cheap,” Ardoino told Bloomberg.

Related: Tether posts $4.9B profit in Q2 as stablecoins go mainstream

Stablecoin adoption heats up

Stablecoins, which are blockchain-based representations of fiat currencies, have surged in prominence this year following US Congress’s passage of the country’s first stablecoin legislation, the GENIUS Act. The move signals that regulators in the world’s largest economy increasingly recognize the potential of blockchain-based payment systems in reinforcing the US dollar’s global dominance.

Tether co-founder Reeve Collins described this as part of a broader transformation that will see major fiat currencies become tokenized over the next decade.

“All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” Collins said in an interview at the Token2049 conference in Singapore.

The total stablecoin market now exceeds $300 billion. Source: DefiLlamaArdoino added that USDt has already reached about 6.25% of the global population, underscoring the scale of stablecoin adoption worldwide.

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