Stablecoin issuer Tether expects a record $15 billion profit in 2025, up from $13 billion in 2024, driven by the success of its USDt token. The company is seeking a $20 billion raise at a $500 billion valuation, attracting interest from high-profile investors to expand its business lines.

Stablecoin adoption is on the rise following the US Congress passing the GENIUS Act, recognizing the potential of blockchain-based payment systems. Tether co-founder Reeve Collins predicts all major fiat currencies will be tokenized by 2030, with the stablecoin market now exceeding $300 billion. USDt has reached about 6.25% of the global population.

Read more at Cointelegraph: Tether Forecasts $15B Profit for 2025 Amid Stablecoin Boom