The introduction of new stablecoins increases Tether's competition issues; here we should understand how much preparation the company is making to deal with these challenges:

• Big Net profit to help with Capital

• Big Investment to domain market

• Bitcoin reserve to support itself

Tether's Net Profit of the year is 10 Billion

$10B Profit

     Tether's net profit is expected to exceed $10 billion this year.

I'm not surprised, but I'm skeptical. Tether has mined over $20 billion worth of tokens this year, so if the net income is only $10 billion, it's another question whether the rest of the money would have been spent on Tether's overall expenses.

With Rumble, Tether is going with Big Investments

     Tether has recently made a “strategic investment” of $775 million into the streaming and cloud platform Rumble. This is Tether's first big step, but more to come up Tether CEO Paolo Ardoino is talking about investing more than half of the year's is $10B net profit.

Will Tether create Bitcoin Reserve?

     Last month it was announced that Tether will dedicate up to $20 million of its excess cash reserves to bitcoin.

So, with half of its net profit ready for investment, what is the next possible move? Along with many possible investments, I reckon that Tether may accommodate Bitcoin reserves, as Trump has also announced a Bitcoin reserve, so everyone is looking for it.

Originally published at Grill, and on Wubits as thread