Tether CEO: The company's profit margin reached 99%, with a profit of 13.7 billion dollars last year

ChainCatcher news, Tether CEO Paolo Ardoino posted on the X platform stating, "Tether's profit margin is as high as 99%."

According to market news, Tether previously announced a new token USAT plan, led by Hines and launched in collaboration with Cantor Fitzgerald LP and others, aimed at providing instant settlement and reducing costs, specifically tailored for the U.S. market. Tether CEO Paolo Ardoino stated that the company's advantage lies in the distribution network built over the past 11 years, while competitor Circle relies on revenue sharing with firms like Coinbase to expand its business.

Ardoino claimed that Tether does not need to rent distribution channels, as it owns its own channels. Despite Circle's high-profile announcement of going public, Tether has no intention of following suit, as the company made a profit of $13.7 billion last year and does not need to raise funds. Instead, it plans to invest in business development through building new distribution channels and has already invested $5 billion in the U.S., including a $775 million investment in Rumble Inc.