TechFlow news, on December 21, Tether CEO Paolo Ardoino said in an interview with Bloomberg that the company's net profit for 2024 is expected to exceed $10 billion. Data shows that USDT's market capitalization has grown by nearly $50 billion this year, surpassing $140 billion.
Tether's primary revenue comes from investing its stablecoin reserves in securities such as U.S. Treasury bonds and gold. Ardoino revealed that the company has already allocated more than half of its net profits this year toward investments, including a $775 million investment in Rumble.
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