Tether on Track for $15B in Profit with Shocking 99% Profit Margin on Stablecoins

Stablecoin issuer Tether has profit margins that would make even the richest companies in the world envious. Tether Holdings Ltd., the company behind the world’s largest stablecoin USDT, expects to generate close to $15 billion in profit this year, Bloomberg reported, citing comments from CEO Paolo Ardoino. The El Salvador–based firm, which controls roughly 60% of the global stablecoin market, is also exploring a capital raise of up to $20 billion for a 3% stake, valuing the company at about $500 billion. Speaking at the Plan B Forum in Lugano on Oct. 24, Ardoino stated such profits are “very rare” and show how firmly Tether is rooted in global crypto markets.  Tether’s unmatched margins and market grip redefine stability With about $183 billion USDT in circulation, Tether’s dominance keeps growing as demand for stablecoins rises across exchanges and payment platforms. Here’s a table of popular stablecoins and their market cap, signifying their dominance: StablecoinIssuerApprox. Market CapMarket ShareUSDTTether~$183 billion~59.35%USDCCircle~$76 billion~25%DAIMakerDAO~$5 billion~2%EURCCircle~$281 million~0.1%PYUSDPayPal~$2.77 billion~0.9% Data: DefiLlama, October 2025 Tether’s profits come mainly from the interest it earns on the reserves backing USDT, most of which are held in U.S. Treasuries and other short-term government securities.  In 2024, the company reported more than $13 billion in net profit, more than double what it made in 2023, according to its attestations. High global interest rates played a key role in that surge, helping Tether achieve a profit margin near 99%. Ardoino described the result as exceptional, saying, “There is no other company in the world that has that.” The company’s financial figures are not publicly audited, and it does not disclose whether they meet the standards of publicly listed firms. Tether was fined by the U.S. Commodity Futures Trading Commission in 2021 for misrepresenting its reserves, yet the company remains the largest issuer in the sector. Ardoino confirmed that numerous global investment funds have approached the company, with names such as SoftBank and Ark Investment Management reportedly in early discussions. He noted the focus is on attracting partners who can create “synergy and bigger impact” rather than simply provide capital. Tether eyes U.S. return Tether plans to re-enter the U.S. later this year through a new stablecoin venture known as USAT, designed to align with federal rules under the GENIUS Act and benefit from the current administration’s pro-crypto stance.  The company has also moved beyond finance, recently buying an 11.5% stake in Italian football giant Juventus. On the 16th of this month, Tether announced the nomination of two representatives to join the board of Juventus Football Club.  The company put forward Dr. Francesco Garino, a Turin-based orthodontic specialist and lifelong Juventus supporter, and Zachary Lyons, Tether’s Deputy Chief Investment Officer. This move comes as Tether CEO Paolo Ardoino and Chairman Giancarlo Devasini, both lifelong Juventus fans, have long expressed a wish to strengthen ties between the club and its supporters.