Tether is making waves, set to earn $15 billion this year. With a $183.2 billion market cap, it generates profits through low-risk assets like US Treasury bills. Chief Investment Officer predicts it could surpass Saudi Aramco. The company holds 87,475 BTC and plans to raise $20 billion for expansion.

As the third-largest digital asset, Tether remains profitable due to interest rates during the pandemic. Despite not being listed on public markets, it aims to raise funds for further growth. With a potential valuation of $500 billion, it’s eyeing investments in various sectors, including AI and media.

Tether’s expansion includes owning a stake in Juventus and investing in Bitcoin mining. It also plans to launch a stablecoin for the US market. Competition from other stablecoin issuers poses a threat, with potential challenges from traditional financial institutions. The Federal Reserve’s interest rate cuts may impact Tether’s profitability in the long run.

Read more at Yahoo Finance: Why is Tether So Profitable, and Will It Last?