Ah, Tether! The grand maestro of stablecoins, tiptoeing into the vibrant bazaars of Latin America, where Bolivian merchants have taken to pricing their wares in the illustrious USDT. Who knew that digital dollars could make such a splash in the land of llamas and altitude sickness? 🦙💸
This grassroots revolution, akin to a peasant uprising but with fewer pitchforks, highlights the ever-growing role of crypto in the daily hustle and bustle of commerce. Meanwhile, the analysts, those ever-watchful hawks, are gazing at Tether’s financials with the same intensity as a cat eyeing a canary—$13 billion in profits for 2024 and a tantalizing $515 billion valuation if they ever decide to don the public attire. 🎩📈
Despite the whispers of speculation from the likes of Anthony Pompliano, Tether’s CEO, the ever-calm Paolo Ardoino, waved away the notion of an initial public offering like one swats away a pesky fly. “Why go public?” he mused, exuding confidence in their private kingdom and expanding influence. 🏰✨
He called it a “quietly revolutionary shift,” as if he were unveiling the latest fashion trend rather than a financial phenomenon. And lo! He shared images of Bolivian shops proudly displaying prices in USDT, as if to say, “Look, Ma! No hands!”
In Bolivia, real prices in shops are displayed in USD₮.
A quietly revolutionary shift: digital dollars are powering daily life, commerce, and economic stability.
— Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025
Massive Valuation Projections Spark Public Listing Debate
Financial analyst Jon Ma, with the flair of a soothsayer, recently predicted that Tether could ascend to the 19th largest company in the world with that eye-popping $515 billion valuation. Imagine surpassing the likes of Costco and Coca-Cola! What a world! 🍔🥤
Ma’s crystal ball revealed Tether’s reported $13 billion in net profits for 2024, with $7 billion sprouting from Treasury securities and repos, while an additional $5 billion danced in from unrealized gains on Bitcoin and gold reserves. A veritable cornucopia of wealth! 🌽💰
Tether valuation at 515B is a beautiful number.
Maybe a bit bearish considering our current (and increasing) Bitcoin + Gold treasury, yet I’m very humbled.
Also truly excited for the next phase of growth of our company.Thank you everyone❤️
— Paolo Ardoino 🤖 (@paoloardoino) June 7, 2025
The projection assumes USDT supply growth of $50-60 billion and an average supply of $170 billion in 2025. A number so large it could make a mathematician weep! 📏😢
“No need to go public.” A statement dripping with confidence, as if he were the king of a private castle, surveying his domain. 👑🏰
In stark contrast to Circle’s decision to waltz into the public arena via a SPAC merger, Tether remains hesitant to don the public garb. The retail USDT integration in Bolivia is a shining beacon of the crypto acceptance trend sweeping across Latin America, like a warm breeze on a chilly day. 🌬️💵
This development mirrors similar patterns in other Latin American markets, where USDT has become both a store of value and a medium of exchange. A true renaissance of currency! 🎨💳
USDT, the reigning champion of stablecoins, continues to hold its crown with a market cap of $154.8 billion, as per CoinMarketCap data. Long live the king! 👑💰
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2025-06-08 16:30