Tether, that stablecoin thing everyone’s obsessed with, is basically just printing money. I mean, seriously? 🙄
So, according to TokenTerminal – whoever they are – Tether’s raked in $1.46 billion this year. And they’re expecting it to hit $1.5 billion soon. Big deal. I bet they have no good coffee machine. ☕
Apparently, that’s way more than other stablecoins and those “big” crypto players. Tron? Circle? Solana? Ethereum? Who cares! 🤷♂️
Ethereum, which used to be all that and a bag of chips, only made $157 million. Pathetic. And Circle, the USDC people, made $620 million while prepping for their IPO. Good for them. Hope they have enough snacks for the meetings. 🥨
Solana’s at $159 million, mostly because of meme coins. Meme coins! Seriously? Is this what the world has come to? 🤪 Tron’s second with almost a billion. Still not impressed. Where’s the innovation, people? 🤔
Tether’s just keeps growing ’cause everyone loves stablecoins. Visa says their monthly volume is $266 billion. Total transactions this year? $1.5 trillion. Okay, that’s a lot. But still… I bet their office chairs are uncomfortable. 🪑
Tether’s revenue is up because their market cap is up. $144 billion in USDT in circulation, up from $109 billion last year. It’s all relative, people. 🤨
They make money by investing in Treasuries, which are “safe.” Government bonds are making good money these days. And Tether has like, five employees and low costs. Talk about a sweet gig. Must be nice to be rich. 🤑
Tether’s growth has also made some billionaires. Paolo Ardoino’s worth $9.5 billion. Giancarlo Devasini’s at $22.4 billion. Jean-Louis van der Velde? Another $9.5 billion. I bet they don’t even know how to work the self-checkout at the grocery store. 🛒
Tether’s been throwing money around, investing in all sorts of companies. Fizen, Be Water, Adecoagro, Juventus Football Club… I can’t even keep track. Probably just trying to avoid taxes. 🤷♀️
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2025-04-20 12:02