PANews reported on October 24th that according to Bloomberg, Tether CEO Paolo Ardoino said in an interview on the sidelines of the Plan B Forum in Lugano, Switzerland on Friday: "This year, our profits will be close to $15 billion. This is very rare." Although Tether's considerable profits do not require external investment, Ardoino said it is difficult to ignore the numerous investment intentions, saying that a large number of companies are interested in investing and the company must draw a line when it believes the valuation is cheap. When asked about the type of investors he would like to bring in, he said that many companies in the portfolios of funds and technology funds may use some of Tether's technology and products, which is related to synergies and greater influence, but he did not disclose the information of potential investors. He also added that the company's profit margin is as high as 99%, which is unmatched by any other company in the world, and Tether did not disclose whether the cited data complies with the reporting standards of listed companies.PANews reported on October 24th that according to Bloomberg, Tether CEO Paolo Ardoino said in an interview on the sidelines of the Plan B Forum in Lugano, Switzerland on Friday: "This year, our profits will be close to $15 billion. This is very rare." Although Tether's considerable profits do not require external investment, Ardoino said it is difficult to ignore the numerous investment intentions, saying that a large number of companies are interested in investing and the company must draw a line when it believes the valuation is cheap. When asked about the type of investors he would like to bring in, he said that many companies in the portfolios of funds and technology funds may use some of Tether's technology and products, which is related to synergies and greater influence, but he did not disclose the information of potential investors. He also added that the company's profit margin is as high as 99%, which is unmatched by any other company in the world, and Tether did not disclose whether the cited data complies with the reporting standards of listed companies.
Tether expects profits to approach $15 billion this year
2025/10/24 23:18
PANews reported on October 24th that according to Bloomberg, Tether CEO Paolo Ardoino said in an interview on the sidelines of the Plan B Forum in Lugano, Switzerland on Friday: "This year, our profits will be close to $15 billion. This is very rare." Although Tether's considerable profits do not require external investment, Ardoino said it is difficult to ignore the numerous investment intentions, saying that a large number of companies are interested in investing and the company must draw a line when it believes the valuation is cheap. When asked about the type of investors he would like to bring in, he said that many companies in the portfolios of funds and technology funds may use some of Tether's technology and products, which is related to synergies and greater influence, but he did not disclose the information of potential investors. He also added that the company's profit margin is as high as 99%, which is unmatched by any other company in the world, and Tether did not disclose whether the cited data complies with the reporting standards of listed companies.
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