Tether Projects $15B Profit as It Launches Largest Synthetic AI Data

Stablecoin issuer Tether is expecting a profit of over $15 billion in 2025. The CEO, Paolo Ardoino, disclosed this at the  Plan B Forum in Lugano, Switzerland.

According to Ardoino, the company has a 99% profit margin, highlighting how profitable it is. The CEO noted that no other company has such margins.

Ardoino Says Tether $500 Billion Valuation is Cheap.

The comments from Ardoino come amidst Tether’s plan to raise $20 billion in capital at a $500 billion valuation. While that might have influenced his comments about profits, the company has a history of reporting massive profits.

In 2024, Tether reported $13 billion in profits. This was more than what several traditional financial institutions had. The company makes most of its profits from interest on its stablecoin reserves.

Last year’s high interest rates boosted profits significantly. They are also driving the strong profit projections for this year. However, the Fed has already started reducing interest rates.

Ardoino emphasized the profit margins, noting that the $500 billion valuation is very cheap. He added that several investors have already shown interest in the company.

He said:

Although Ardoino did not mention which company is showing interest, media reports have mentioned several names. Bloomberg reported earlier that SoftBank and Ark Invest are reportedly in discussion.

If Tether can raise at the $500 billion valuation, it would match OpenAI as the most valuable private company in the world. It could also boost the El Salvador-based company’s regulatory compliance profile.

Tether Launches World’s Largest Synthetic Data Set to Train STEM-Focused AI Models

Meanwhile, there is still some scrutiny on why Tether is raising capital despite its massive profit margins. A possible reason for this is that it is also spending massively to diversify its business.

The company has also invested in various sectors, including gold, artificial intelligence, agriculture, and sports. Tether already owns an 11.5% stake in Italian football club Juventus. Also, it has expressed interest in acquiring a larger stake.

Interestingly, it recently released QVAC Genesis 1, the world’s largest synthetic data set for AI training. According to its announcement, the dataset, which contains 41 billion tokens, will help build better STEM-focused AI models.

It added that the dataset will be publicly available and is designed to facilitate open-source AI development.

The announcement reads:

Along with the dataset, Tether also released QVAC Workbench, a consumer AI app for. It supports multiple models, including Llama, Medgemma, Qwen, SmolVLM, and Whisper. It is already available for Android, with iOS to follow in the future.

Despite all its investments and diversification, stablecoins remain the company’s biggest money maker. Its USDT recently reached 500 million users, with a circulating supply of $182 billion. It is also planning to launch a more regulatory-compliant USAT for the US market.