Tether earned approximately $15 billion in profit last year, with its CEO advocating for finance leaders to finally adopt stablecoins

Good morning. Even if they’re not yet prepared to adopt them, CFOs ought to be monitoring stablecoins this year.

Stablecoins are digital assets created to preserve a steady value, usually tied to and supported by the U.S. dollar or comparable assets. Passage of the has assisted in clarifying stablecoin regulation, moving them from a “crypto side-topic” to mainstream treasury and finance conversations.

My colleague Jeff John Roberts explores stablecoins in depth in his new , “Crypto giant Tether has $187 billion in assets, big plans for U.S. expansion—and a CEO who warns the West is heading toward social collapse.” Roberts met with Paolo Ardoino, CEO of Tether, a cryptocurrency company that generated approximately $15 billion in profit in 2025.

According to Roberts, Tether has purchased more Treasury bills than major economies such as South Korea, in addition to substantial quantities of Bitcoin and gold. This amassing of assets has enabled Tether to utilize its primary currency, a dollar-backed stablecoin known as USDT, to reconfigure global financial networks.

As Roberts writes: Tether “dominates the sector, thanks in part to a first-mover advantage that has resulted in USDT becoming the go-to way for millions of people in developing countries to hold dollars. USDT’s market capitalization ($187 billion, as of early January) and daily trading volume exceed those of all its stablecoin competitors combined, according to data firm CoinMarketCap—even though U.S. citizens, with limited exceptions, are not allowed to use Tether’s coin.

“Now, Tether is seeking to disrupt much more than finance. In the past two years, it has made massive investments in satellites, data centers, farming, telecommunications, and media.” You can learn more about Tether by .

Intuit’s CFO Sandeep Aujla is just one executive who has discussed with me through a partnership with Circle. I’d be interested to hear from you about how you’re utilizing—or carefully considering—them in your companies.

Sheryl Estrada