Golden Finance reports that Tether CEO Paolo Ardoino stated in an interview that the company is expected to achieve a net profit of over $10 billion by the end of this year. As Bitcoin and many other cryptocurrencies have risen to historic highs, the demand for the USDT stablecoin, which is pegged to the US dollar, has also surged. According to data tracking organization CoinMarketCap, the market capitalization of this token has increased by nearly $50 billion this year, currently exceeding $140 billion. Most of Tether's profits come from investing the reserves backing the stablecoin (including USDT) in US Treasury bonds, gold, and other securities.