$500 billions valuation Tether

[Odusko]

Tether is seen to be the infrastructure stablecoin that power cryptocurrency trading and for that the success of Tether in terms of liqudities is a win for even Bitcoin and other cryptocurrency is the market, now Tether is as a new whole level and what do think about this development and recent fundraising by the team.
Image from coin telegraph.

[TastyChillySauce00]

Tether is the most used trading pair, the volume surpass USDC or any other stablecoin combined by multiple fold. It's not a surprise that they could raise at very high valuation, after all others did too and even with worse metrics.
Just in 2025 alone they are able to clear a net profit of $10 billion, that kind of profit is really massive.

If they can push for more transparency for their audit and become better compliance, they'd get even bigger in no time.
Just imagine if they could somehow clears up the rumours or even misunderstanding about the lack of proper audit, or the rumour about insufficient reserves, everybody would be back converting their money from other stablecoin to USDT.

Like it or not they are still dominating the stablecoin market by a lot. The others hardly gaining traction.