The rapid growth of Tether brings it to a path that, according to Bitwise Cio Matt Hougan, could match the largest companies in the world.
The range includes hundreds of millions of users, mass treasury holdings and growing bitcoin reserves. Could it even rival the record profits of Saudi Aramco in one day? Let’s explore.
Tether’s billion dollars path
In a recent client memo, Hougan said that Tether’s business model has the potential to make it the most profitable company in the history, and even to surpass oil giant Saudi Aramco.
“Against the current interest rates, if Tether would get $ 3 trillion of assets – about 3% of the global money supply – that would be at the top, the most profitable company in history,” “ he wrote.
The comment comes after reports that Tether is investigating a rating of $ 500 billion, so that it is placed in the same competition as OpenAi and SpaceX.
400 million users and grow
Tether’s figures are difficult to ignore. CEO Paolo Ardoino recently said that USDT is more than used 400 million people worldwideAdd about 35 million portfolios every quarter.
Also read: Tether is planning to raise up to $ 20 billion on a rating of $ 500 billion through a stock market
The influence of the Stablecoin is the strongest in emerging markets, where it often acts as a replacement for local currencies and at the same time strengthens the US dollar.
Behind the scenes, Tether has more than $ 127 billion in American treasuryMaking it one of the largest global holders, similar to sovereign countries. The company also has more than 100,000 BTC worth $ 11.4 billion and achieved an estimated win of $ 13 billion in 2024, all with fewer than 200 employees.
Tether is also no longer just a stablecoin emittent!
It has AI, telecom, data centers, energy infrastructure and Bitcoin -MIERBUIT.
Cryptoses Great Market Game
Hougan’s point goes beyond Tether. He claims that the real chance of crypto lies in the massive markets on which it focuses, from payments to capital markets.
Bitcoin’s $ 2.3 trillion appreciation can surprise many, but Hougan notes that it is still less than 10% of the $ 25 trillion market from Gold. Ethereum and Solana compete in global payments and assivam markets worth hundreds of trillions, even quadrillions.
“The markets are in fact so great that no, centralized company could dream of recording more than a small fraction of them,” Said Hougan. “But Ethereum and Solana are different. As decentralized supercomputers with a global scale, they have a real chance to take a large share.”
Hougan’s advice is clear to investors: treatment crypto such as risk capital. Expect failures, but also expect winners that can be larger than anything in traditional technology.