Tether CEO @paoloardoino drops $13.7B annual profit number on @BanklessHQ

for context: that's 270x earnings multiple territory if valued like Circle

their response to GENIUS Act is GENIUS itself:

• dual track approach: make USDT compliant AND build new US domestic stablecoin

• current reserves 85% compliant with new requirements

• using BDO Italia as auditor (non-US entity)

• $156.67B total supply with $78B locked on TRON alone

recent treasury ops show the SCALE:

$1B mints, $177.9M issuances, complex redemption patterns

launching PearPass security products, expanding US financial infrastructure

they're not just adapting to regulation, they're positioning for total market dominance across jurisdictions