Tether CEO Paolo Ardoino stated that the company expects to achieve a net profit of over $10 billion by the end of the year. Due to the surge in prices of cryptocurrencies like Bitcoin, the demand for its US dollar stablecoin USDT has increased significantly, with a market value exceeding $140 billion. Tether has used over 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, launch an AI platform in the first quarter, and focus on investment opportunities in the U.S. cryptocurrency sector. (Bloomberg)