TLDR
- Tether CEO Paolo Ardoino has set an ambitious target of a $1 trillion market cap for USAT within three to five years.
- Tether’s growth strategy for USAT is based on the success of its flagship stablecoin, USDT.
- CEO Nathan McCauley of Anchorage Digital expressed confidence in USAT’s potential, suggesting the “T” could represent trillions.
- Tether is pursuing a $20 billion capital raise at a $500 billion valuation, positioning it among top tech companies.
- Tether plans to use its stake in Rumble to drive USAT adoption, reaching millions of active users.
Tether CEO Paolo Ardoino has revealed an ambitious goal for the company’s new US-focused stablecoin, USAT. Speaking at TOKEN2049, he projected a $1 trillion market cap for USAT within three to five years. Ardoino’s bold target highlights Tether’s optimism about growing US engagement in the digital asset space.
Tether’s Growth Strategy for USAT
Ardoino defended the target, pointing to Tether’s success with USDT. He emphasized the fast expansion rate of USDT as a foundation for USAT’s projected growth. Ardoino’s outlook reflects a broader optimism in the market about US regulatory clarity and crypto innovation.
Nathan McCauley, CEO of Anchorage Digital, supported the bullish outlook for USAT.
“The ‘T’ in USAT could represent trillions,” he joked, underscoring the coin’s potential.
Anchorage, a federally chartered bank, serves as the issuer for USAT, lending further credibility to its success.
Tether’s broader ambitions have attracted significant investor attention. The company is reportedly pursuing a $20 billion capital raise at a valuation of $500 billion. This potential valuation positions Tether alongside major tech firms, such as OpenAI.
Tether’s dominance in the stablecoin market, with USDT as the leading stablecoin, reinforces its confidence in USAT’s success. The company believes its experience scaling USDT will ensure USAT captures a substantial share of the market. This confidence stems from the growing perception that the US is re-engaging with the crypto industry following regulatory uncertainty.
Rumble’s Role in USAT’s Growth
Tether plans to leverage its investment in Rumble, a popular video platform, to boost USAT adoption. Rumble has 51 million monthly active users, providing a built-in audience for the stablecoin. Ardoino also mentioned Rumble’s upcoming crypto wallet, which will integrate USAT and drive further adoption.
With a significant stake in Rumble, Tether views this partnership as a means to rapidly scale USAT. The integration of USAT into Rumble’s ecosystem could provide substantial market penetration as the platform grows.
