According to BlockBeats, Tether anticipates achieving an EBITDA of $7.4 billion by 2025. Based on the valuation multiple of 69.3 times for Circle, the issuer of USDC, Tether's potential valuation could reach $515 billion. Currently, USDT has a market capitalization of approximately $155 billion, with 420 million users worldwide, particularly in emerging markets and high-inflation countries, where it is widely used for savings and payments.
Tether CEO Paolo Ardoino highlighted that USDT has become a practical dollar alternative for users in countries like Turkey and Argentina. The company has also established offline service points in Africa to promote stablecoin payments. Additionally, Tether is investing in sectors such as agriculture, artificial intelligence, and brain-computer interfaces to build the foundation for the future digital economy.
Circle, which recently debuted on the U.S. stock market under the ticker CRCL.US, has a market capitalization of around $45 billion. Despite its stronger compliance, USDC's market share remains significantly lower than USDT. As the Stablecoin Innovation Act progresses through U.S. legislation, the competitive landscape for stablecoins may undergo significant changes.
