According to BlockBeats, on June 24th, Paolo Ardoino, CEO of Tether, the world's largest stablecoin issuer, made it clear in his latest interview that Tether is not considering going public at all and emphasized that the company "does not lack money and does not need to monetize through stocks". He pointed out that compared to Circle, which just went public, Tether has higher profits, less external dependence, and even does not need to bear high distribution costs like Circle. It is estimated that Tether's conservative valuation could reach $500 billion. In 2024, the company's net profit has reached $13 billion, with only about a hundred employees and an average revenue of $130 million per person, far exceeding traditional financial giants such as JPMorgan Chase and Bank of America, and is known as the "most profitable bank in the world". In addition, most of Tether's profits come from stable assets such as gold and Bitcoin, and it actively invests in AI, biotechnology, and agricultural projects, demonstrating its strategic ambition to build a long-term digital economy infrastructure. BiyaPay kindly reminds that stablecoins have gradually become a key tool for global digital asset transactions and cross-border payments. Using BiyaPay, you can: 1 Exchange USDT for 30+fiat currencies such as US dollars, euros, Hong Kong dollars, and Singapore dollars, with zero frozen card withdrawals and fast and stable international remittances Directly participate in US and Hong Kong stock investments with USDT, without the need to apply for an offshore account, making trading efficient and convenient Start global digital asset allocation immediately and choose BiyaPay to make your wealth more free.
