**Tether’s Profits Near $15 Billion as Company Plans U.S. Expansion with New Stablecoin USAT**
Tether, the company behind the world’s largest stablecoin USDT, is experiencing rapid growth and attracting significant investor interest. With soaring profits and investors eager to join, CEO Paolo Ardoino is hinting at exciting plans on the horizon. Here’s an in-depth look at Tether’s recent achievements and strategic moves.
### Tether’s Profits on Track to Hit $15 Billion
According to a Bloomberg report, Tether is on track to make nearly $15 billion in profit this year, up from $13 billion last year. CEO Paolo Ardoino commented, “This year we’re going to approach another $15 billion profit. That’s very rare.”
The stablecoin issuer is currently in talks to raise up to $20 billion by offering a 3% stake in the company. Such a deal would value Tether at around $500 billion. Ardoino revealed the company has been approached by “an enormous number” of firms interested in investing.
However, he emphasized caution, stating, “We have to draw a line in the sand on a valuation that we think is very cheap.” Ardoino also highlighted Tether’s staggering profitability, with an impressive 99% profit margin — a figure he claims is unmatched by any other company worldwide.
### Tether Targets U.S. Market with New Stablecoin USAT
In a bold move to expand its footprint in the United States, Tether is preparing to launch a new stablecoin called USAT. The digital currency aims to serve up to 100 million American users and comply fully with federal regulations under the GENIUS Act.
USAT is scheduled to launch this December and will be issued by Tether America, a joint venture between Tether and Anchorage Digital.
Central to Tether’s plan to roll out USAT is Rumble (RUM), the video-sharing platform in which Tether invested $775 million last year, along with its upcoming crypto wallet. The company also plans to invest in two to three additional platforms—likely social media or content sites—to help grow its user base to 100 million.
The ultimate goal is to create a professional, digital payment system for the U.S. market that can compete with established players like PayPal, while leveraging Tether’s existing global audience.
### The Dual Role of USDT and USAT
Ardoino explained the distinct roles of Tether’s two stablecoins. USDT acts as the digital dollar for emerging markets, reaching nearly 500 million people across Africa, Latin America, and Southeast Asia. It provides vital financial access to the unbanked and underserved populations.
On the other hand, USAT is designed specifically for the U.S. market. It complies with domestic regulations and aims to expand financial services to underserved American communities.
Recently, Tether proudly announced that it has hit 500 million users for the first time. Ardoino described this as “likely the biggest financial inclusion achievement in history,” underscoring the scale of the company’s impact.
With approximately $183 billion USDT currently in circulation, Tether controls nearly 60% of the entire stablecoin market.
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Tether’s continued innovation and expansion signal a transformative future for digital payments, both in emerging economies and the U.S. market. The launch of USAT and strategic investments in content and social platforms position the company as a major player poised to revolutionize financial inclusion worldwide.
https://coinpedia.org/news/tether-set-to-hit-15b-profit-eyes-usat-stablecoin-launch-in-december/
