Tether minted around $15 billion in profit last year-and its CEO makes a strong case for finance leaders to finally embrace stablecoins | Fortune
Briefly

Tether minted around $15 billion in profit last year-and its CEO makes a strong case for finance leaders to finally embrace stablecoins | Fortune
"CFOs should be paying attention to stablecoins this year, even if they're not quite ready to use them yet. Stablecoins are digital assets designed to maintain a stable value, typically pegged to and backed by the U.S. dollar or equivalent assets. Passage of the GENIUS Act has helped clarify how stablecoins are regulated, pushing them from a "crypto side-topic" into mainstream treasury and finance discussions."
"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.""
Stablecoins are digital assets intended to maintain stable value, typically pegged to and backed by the U.S. dollar or equivalent assets. Passage of the GENIUS Act has clarified regulatory treatment, accelerating stablecoin consideration within treasury and finance functions. Tether controls a large share of the market through USDT, with market capitalization and trading volume exceeding competitors combined. Tether holds sizable Treasury bills, Bitcoin, and gold, and has expanded investments into satellites, data centers, farming, telecommunications, and media. Corporate finance leaders, including some CFOs, are evaluating partnerships with regulated stablecoin issuers as firms monitor potential operational and treasury use cases.
Read at Fortune
Unable to calculate read time
[
|
]