Tether Is Bigger Than Your Bank and Nobody's Talking About It
Tether's jaw-dropping profit numbers are making Wall Street look inefficient, and a shaky Middle East ceasefire is reminding crypto bulls why they love decentralization
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| ETH Grayscale Ethereum Staking Mini ETF | buy | $2182.35 | — | — | — |
Bloomberg's Big Take podcast just dropped a deep dive on Tether ($USDT) that should make every banker question their career choices. The world's largest stablecoin issuer is sitting on $193 billion in assets, generated $10 billion in profit last year, and is reportedly eyeing a fundraise that could value the company at $500 billion+ — all with a headcount smaller than a mid-sized Applebee's franchise operation.
Meanwhile, over on YouTube, Jeremiah Babe is doing his best skeptic face at the Iran ceasefire that sent the Dow rocketing 1,300+ points. Kuwait reportedly shot down 28 Iranian drones post-ceasefire, which is a very ceasefire-y thing to happen. Geopolitical chaos historically sends scared money into $ETH and stablecoins as dollar alternatives — and USDT is the on-ramp everyone in emerging markets is already using for remittances when their local currency is melting down.
Tether is essentially the offshore dollar that the Fed didn't build but the world desperately wanted — and at a $500B valuation, the punchline is that it might be worth more than the institutions that hate it most.