Bitwise CIO: Tether Expected to Surpass Saudi Aramco as the World's Most Profitable Company

According to a report by Golden Finance, Bitwise Chief Investment Officer Matt Hougan stated in his latest client memo that Tether might surpass Saudi Aramco to become the most profitable company in history. Currently, Tether has over 400 million users, adds 35 million new wallets each quarter, and holds over $127 billion in U.S. Treasury bonds. If its asset scale reaches $3 trillion, its profits will exceed Saudi Aramco's projected $120 billion revenue for 2024. Tether is actively expanding into multiple sectors, including AI, telecommunications, and data centers, and has launched a new stablecoin, USAT, targeting U.S. users. In 2024, Tether generated approximately $13 billion in profit with a team of fewer than 200 people and currently holds $11.4 billion worth of Bitcoin.