Tether Set to Surpass Saudi Aramco as Most Profitable Firm
Bitwise CIO Matt Hougan forecasts that Tether could become the most profitable company in history if USDT assets reach $3 trillion, about 3% of the global money supply. At current U.S. Treasury yields, Tether’s stablecoin portfolio would generate interest income exceeding Saudi Aramco’s projected $120 billion profit for 2024.
Hougan highlights Tether’s $100 billion in U.S. Treasury holdings, $12 billion profit over two years and $652 million average monthly revenue. With USDT controlling over 58% of the $297 billion stablecoin market and strong adoption in emerging markets, digital payments and institutional services, Tether is positioned to capture trillions in deposits and related yield. This projection underscores the growing role of stablecoin issuance, interest income strategies and global finance applications in the crypto sector.
Neutral
While Tether’s profit forecast highlights its strong business model and may boost confidence in USDT’s utility and market share, the stablecoin’s price remains pegged to the U.S. dollar. As a result, traders are unlikely to see direct price movement, making the impact neutral in both the short term and long term. Institutional adoption and yield opportunities could support sustained usage, but USDT’s peg minimizes volatility.