币界网报道：Tether expects to achieve $7.4 billion in earnings before interest, taxes, depreciation and amortization (EBITDA) by 2025. Referring to the 69.3 times valuation multiple of publicly listed stablecoin issuer Circle (parent company of USDC), Tether's potential valuation may be as high as $515 billion. Currently, USDT has a market value of about $155 billion, with 420 million users worldwide, covering emerging markets and high-inflation countries, and is widely used for savings and payments. Paolo Ardoino, CEO of Tether, said that USDT has become the most realistic alternative to the US dollar for users in countries such as Turkey and Argentina, and has set up offline service points in regions such as Africa to promote stablecoin payments. In addition, Tether has also invested in fields such as agriculture, artificial intelligence and brain-computer interfaces to lay the foundation for future digital economic infrastructure. On the other hand, the recently listed Circle's USDC has a market value of about $45 billion. Although it is more compliant, its market share lags far behind USDT. With the advancement of the US Stablecoin Innovation Act, the future competitive landscape of stablecoins may usher in a new round of changes.