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🚀 Tether: From Criticism to Success 📈

Tether, the issuer of the most popular stablecoin USDT, has undergone a dramatic image transformation in recent years. According to a Bloomberg report, the company has been posting record-breaking profits and expanding its influence beyond crypto by investing in AI, biotech, and media projects. In 2024, Tether reported a $13 billion profit, with total assets reaching $157.6 billion.

Previously, Tether faced heavy criticism over the legitimacy of its reserves and the alleged use of USDT in illicit activities. However, with a shifting political landscape in the U.S. and support from organizations like Cantor Fitzgerald Bank, the company is becoming increasingly influential.

Dragonfly Capital's general partner, Rob Hadick, highlighted Tether’s high per-employee profitability and the growing focus on its investment strategies.