Tether: The billion dollar machine behind USDT and the encouragement with the Bitcoin market

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Tether: A key player in the StableCoin and Bitcoin market

tether is a private company that operates an extremely lucrative business model. There are US dollar stall coins, which are mainly covered by US state bonds. With the interest that Tether deserves in the background, the company has achieved billions in profits. In 2024, the company gain was an impressive $ 13.7 billion.

Tether, now based in El Salvador, has been building a Bitcoin reserve since September 2022. In May 2023, the company announced that it would invest 15 percent of its annual net profit in Bitcoin. This approach differs significantly from the Bitcoin strategy of other stock corporations that spend new stocks or convertible bonds to finance BTC purchase.

Tether plays at the top: With a Bitcoin stock that, according to BitcoinTreasuries.net, is only behind Strategy (528,185 BTC) and the private company Block.one (164,000 BTC), Tether is the organization with the third largest Bitcoin stock. The Bitcoin strategy has already paid off: Tether currently has almost $ 4 billion in book winnings through Bitcoin investments.

tether is increasingly developing into an important buyer of Bitcoin. If the business model is still so successful, it can be assumed that the company's reserve will grow significantly in the coming years. The US dollar stable USDT is currently the market leader and has a market capitalization of over $ 140 billion, which is more than twice as much as that of the second-placed USDC.

The United States currently has plans to promote the use of US dollar stall coins in order to secure the status of the US dollar as a world currency. It remains to be seen whether large US companies will represent serious competition for Tether or whether this will only strengthen the business model. However, Tether remains a central player in the market for stable coins, whose future developments are being pursued.