The world’s largest stablecoin issuer records one of its strongest quarters as profits surge and reserves expand beyond $181 billion.
Tether Achieves Record $10 Billion Year-to-Date Profit in 2025
Tether, the company behind the USDT stablecoin, has reported a net profit of $10 billion for the first three quarters of 2025, underscoring its dominant position in the global digital asset market. The latest financial attestation, verified by accounting firm BDO Italy, showed that the firm’s total reserves reached $181.22 billion, compared with $174.45 billion in liabilities tied largely to circulating USDT.
The company revealed that it issued over $17 billion in USDT during Q3, marking one of its most successful quarters to date. This expansion pushed USDT’s total circulation above $174 billion, further cementing Tether’s role as the world’s largest stablecoin issuer.
CEO Paolo Ardoino recently projected that Tether’s year-end profits could reach $15 billion, citing an exceptionally high profit margin of nearly 99%. Industry analysts note that such performance strengthens Tether’s influence in the stablecoin ecosystem and may fuel speculation about a potential public offering in the near future.
Rising Reserves and Expanding Market Reach
Tether’s excess reserves surged to $6.8 billion, reflecting robust financial health and a significant buffer over its obligations. The report highlighted that Tether’s exposure to U.S. Treasuries — both direct and indirect — has climbed to nearly $135 billion, ranking the company among the top global holders of U.S. government debt, ahead of countries like South Korea.
Additionally, Tether disclosed $12.9 billion in gold holdings and $9.9 billion in Bitcoin reserves, accounting for around 13% of its total assets. These diversified holdings emphasize the company’s strategy of maintaining liquidity while broadening exposure to alternative stores of value.
Strategic Expansion and Future Outlook
Despite limited presence in the U.S. and EU markets, Tether continues to expand globally. The company said it now serves over 500 million users worldwide and is investing in emerging sectors such as artificial intelligence, energy, and peer-to-peer communication.
With record profits, expanding reserves, and growing diversification, Tether’s Q3 performance highlights its unmatched scale and resilience in the evolving digital finance landscape.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.