Tether CEO: The company's profit margin is as high as 99%, and it made a profit of US$13.7 billion last year

According to ChainCatcher, Tether CEO Paolo Ardoino posted on the X platform that "Tether has a profit margin of up to 99%. According to market news, Tether previously announced the new token USAT plan, led by Hines, and launched in cooperation with Cantor Fitzgerald LP and others. It aims to provide instant settlement and reduce costs, and is specially customized for the US market. Tether CEO Paolo Ardoino said the company's advantage lies in the distribution network it has built over the past 11 years, while rival Circle expanded its business by sharing revenue with revenues such as Coinbase. Ardoino said Tether does not need to rent distribution channels and has its own channels. Despite the high-profile announcement of Circle, Tether has no intention of following the example, as the company made a profit of $13.7 billion last year, without raising funds, plans to develop through investment businesses such as building new distribution channels, and has invested $5 billion in the United States, including a $775 million investment in Rumble Inc.