Catenaa, Saturday, October 04, 2025- Stablecoin issuer Tether may become the world’s most profitable company if it continues its rapid growth, according to Bitwise Chief Investment Officer Matt Hougan.
He suggested that Tether could surpass Saudi Aramco’s record $120 billion profit in 2024 if it reaches $3 trillion in assets, roughly 3% of global money supply.
Hougan highlighted Tether’s dominance in emerging markets, where USDT is increasingly preferred over local currencies. He compared the company’s potential to startups like OpenAI and SpaceX, emphasizing that Tether effectively operates a digital money market fund and could capture massive interest from global stablecoin adoption.
Tether commands nearly 59% of the stablecoin market, managing $174 billion in USDT alone.
CEO Paolo Ardoino said the firm has generated $12 billion in profits over the past two years and continues to benefit from holdings in US Treasuries. Monthly revenue averages $652 million, totaling more than $6.8 billion annually.
Institutional adoption is further supporting Tether’s trajectory. Major payment processors, including Stripe, Mastercard, and Visa, now support stablecoin transactions.
Digital wallets such as MetaMask, Kraken, and Crypto.com provide card services for USDT, while traditional banks are exploring digital asset services and proprietary stablecoins.
If Tether continues to expand its market share, Hougan said, the firm could manage trillions of dollars, potentially eclipsing even the most profitable companies in history.
