Tether’s $10 Billion Year Puts It in Central Bank Territory
Tether’s $181.2 billion reserve base and more than $10 billion in projected 2025 profits have drawn comparisons to central banks. The stablecoin giant continues to expand its influence across cryptocurrency markets, leveraging its dominance in liquidity provision and settlement.
This growth comes amid intensifying scrutiny over transparency and control. Regulators globally are examining Tether’s reserve composition and operational practices, particularly as its market capitalization approaches sovereign wealth fund levels.
The company’s profitability now rivals mid-sized commercial banks, with its USDT stablecoin serving as de facto dollar liquidity for crypto exchanges worldwide. Market participants increasingly treat Tether as a systemic entity—both a cornerstone and potential single point of failure for digital asset markets.
