Stablecoin issuer Tether projected annual profits approaching $15 billion, surpassing most major U.S. financial institutions. CEO Paolo Ardoino said strong reserve yields and growing transaction volumes fueled record returns. The comments, made during a Bloomberg interview, led to renewed market speculation over a potential $20 billion IPO plan. Analysts noted the profitability underscores Tether’s scale and efficiency in the digital asset sector. A listing, if pursued, could reshape investor perceptions of transparency and corporate governance in stablecoins.