Tether CEO Paolo Ardoino stated that the company is expected to achieve a net profit of over $10 billion by the end of the year. Due to the rise in prices of cryptocurrencies such as Bitcoin, the demand for its dollar-pegged stablecoin USDT has increased significantly, with a market capitalization exceeding $140 billion. Tether has used more than half of its profits this year for investments, including funding the video platform Rumble. Next year, it plans to allocate at least half of its profits for investments, launching an AI platform in the first quarter, and will also focus on investment opportunities in the U.S. crypto space. (Bloomberg)