Overview

• In a Sept. 29 investor note, Matt Hougan says Tether could surpass Saudi Aramco’s $120 billion 2024 profit if it grows to about $3 trillion in assets, roughly 3% of global money supply.
• Hougan describes Tether as a digital money market fund capturing interest on reserves, with dominant stablecoin usage reported in many non‑Western markets.
• Coverage reiterates that Tether is in early talks to raise $15–$20 billion for about a 3% stake, implying a valuation near $500 billion, with terms not finalized.
• On-chain trackers cited in reports flagged a purchase of 8,888.889 BTC—about $1 billion—on Sept. 30, the final day of Q3.
• Recent figures referenced in coverage include about $127 billion in U.S. Treasuries as of Q2 2025, plus memo-based claims of roughly $13 billion in 2025 earnings and more than 100,000 BTC that are not independently audited.