The stablecoin issuer’s earnings outpace combined $10 billion losses from OpenAI and Anthropic, highlighting contrasting fortunes in tech and crypto sectors.
Tether, the issuer of the USDT stablecoin, reported a $13 billion profit in 2024. This figure exceeded the combined $10 billion losses of artificial intelligence companies OpenAI and Anthropic, despite their revenues of $3.7 billion and $1 billion, respectively. The contrast underscores differing financial trajectories between the cryptocurrency and AI industries during the year.