According to Odaily Planet Daily, Tether CEO Paolo Ardoino said the company is expected to achieve a net profit of more than $10 billion by the end of the year. As the prices of cryptocurrencies such as Bitcoin rise, the demand for USDT has increased significantly, and its market value has exceeded $140 billion.
Tether has invested more than half of its profits this year, including injecting capital into the video platform Rumble. It plans to invest at least half of its profits next year, launch an AI platform in the first quarter, and also focus on investment opportunities in the US crypto space.