Tether CEO Expects $10 Billion Net Profit This Year

Paolo Ardoino, the CEO of Tether (USDT), expects the company's net profit to reach $10 billion this year.

On the 20th (local time), CEO Ardoino stated in an interview with Bloomberg, "This year, Tether has used more than half of its net profit for investments," adding, "Tether is expected to surpass $10 billion in net profit by 2024."

He continued, "Next year, we plan to invest more than half of our profits in the artificial intelligence (AI) sector," and added, "Our investment is just beginning."

Meanwhile, Tether plans to launch its own AI platform in the first quarter of next year. Through this, it aims to support features that allow people to interact with AI using their smartphones.