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Tether CEO Reveals 99% Profit Margin Amid $170 Billion Market Cap
ByAinvest
Tuesday, Sep 16, 2025 9:03 pm ET1min read
Tether CEO Paolo Ardoino announced that the company's profit margin has reached 99%. With a market capitalization of $170.86 billion, Tether is the largest stablecoin in circulation. The high profit margin suggests that the company is generating significant revenue from the stablecoin's usage.
Tether, the world's largest stablecoin issuer, has announced plans to launch a new U.S.-regulated stablecoin, USAT, designed for U.S. residents. This move comes as part of a broader strategy to expand Tether's stablecoin offerings and capitalize on the growing demand for digital assets in the U.S. market.The announcement was made by Tether CEO Paolo Ardoino during a press conference in New York City on September 12, 2025. Ardoino revealed that Bo Hines, a former White House official, will serve as the CEO of USAT. The stablecoin will be pegged 1:1 to the U.S. dollar and will leverage Tether's real-world assets (RWA) tokenization platform, Hadron by Tether [1].
The launch of USAT is a significant milestone for Tether, which has been facing regulatory scrutiny and criticism over its stablecoin reserves. However, the company's recent move to El Salvador and the passage of the GENIUS Act by President Trump have provided a more favorable regulatory environment for stablecoins in the U.S. [2].
Tether is targeting a December launch for USAT, with Anchorage Digital serving as the GENIUS Act-compliant issuer and Cantor Fitzgerald providing custodial services. The company's headquarters will be in Charlotte, North Carolina, which is home to several major financial institutions, including Bank of America and Truist [3].
USAT is designed to supplement Tether's existing stablecoin, USDT, rather than compete with it. Ardoino explained that USDT will serve as the distribution channel for USAT abroad, allowing USAT to reach a broader audience. The stablecoin market has seen significant growth in recent years, with the sector's total market capitalization increasing from $208 billion at the start of 2022 to $287 billion as of today [1].
Tether's decision to launch USAT is driven by the company's desire to bring stablecoins to the most prominent financial market in the world, the U.S. Ardoino believes that stablecoins can deliver trust, resilience, and freedom on a global scale, and that USAT will be a key part of that mission [1].
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