Tether, the company behind the market’s largest stablecoin USDT, has announced major financial results for the second quarter (Q2) of the year, reporting a net profit of $4.9 billion. Tether Achieves $5.7 Billion In Earnings For H1 2025 According to the report, this surge in profitability comes amid the issuance of over $13.4 billion in new USDT, boosting the total circulating supply to more than $157 billion—a remarkable $20 billion increase since the beginning of the year. Related Reading: JPMorgan, Coinbase Forge Historic Pact For Direct Bank-Crypto Wallet Integration By 2026 At the end of Q2 2025, Tether’s exposure to US Treasuries reached $127 billion, comprising $105.5 billion in direct holdings and an additional $21.3 billion in indirect investments. The company’s shareholder capital remained stable at approximately $5.47 billion, reinforcing Tether’s strong solvency profile and ensuring long-term sustainability. For the first half of 2025, Tether reported total earnings of $5.7 billion, with $3.1 billion coming from recurrent profits alone. Excluding mark-to-market contributions from investments in gold and Bitcoin (BTC), which added another $2.6 billion, this performance emphasizes Tether’s operational strength and revenue consistency. CEO Paolo Ardoino’s Highlights Building on its financial foundation, Tether revealed that it has reinvested a significant portion of its profits into long-term initiatives. Over the past six months, the company has allocated more capital toward these efforts than in prior periods, demonstrating its commitment to foundational infrastructure. Among its key initiatives are investments in XXI Capital and a partnership with Rumble, which includes the development of the Rumble Wallet. The firm also unveiled that SDT continues to facilitate commerce, remittances, and innovation across more than 150 countries, particularly in regions where traditional banking services are limited or unreliable. Related Reading: Chainlink Acknowledged By The White House As Key Player In Crypto Infrastructure As of June 30, 2025, Tether reported total assets of approximately $162.6 billion against total liabilities of about $157.1 billion, with nearly all liabilities relating to the digital tokens issued. Importantly, the company’s assets exceed its liabilities, providing a reassuring financial outlook. Additionally, proprietary investments in emerging sectors such as artificial intelligence (AI), renewable energy, and communications infrastructure are not included in the reserves backing issued tokens, indicating further growth potential. Paolo Ardoino, CEO of Tether, emphasized the company’s achievements, stating, “Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in US Treasury exposure, robust Bitcoin and gold reserves, and over $20 billion in new USDT issued, we’re not just keeping pace with global demand, we’re shaping it.” He added, “As regulators formalize frameworks for digital dollars, Tether stands as a live, proven model of what stablecoin innovation can achieve: transparency, resilience, and massive global reach. USDT is helping billions access the stability of the US dollar, and that mission has never been more urgent or relevant.” Featured image from DALL-E, chart from TradingView.com
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Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month. Transition To US Treasuries Pays Off According to the report, independently audited by accounting firm BDO, Tether’s net operating profit for the second quarter of 2024 reached a new high of $1.3 billion, propelling the company’s total net profit for the first half of the year to over $5 billion. According to the stablecoin issuer, the foundation of Tether’s financial growth and stability comes from an income base derived from investments in US Treasury Bills (T-Bills), which was first implemented after eliminating commercial paper from its stablecoin reserves and replacing it with US T-Bills in 2022. Related Reading: XRP Analyst Thinks The Coin Is Ready To Skyrocket By 21,000% To Over $150 The report also revealed that in the second quarter of the year, direct and indirect ownership of US Treasuries within Tether’s token reserves made notable progress, surpassing $97.6 billion, resulting in a historic high in this metric. This brings Tether’s exposure to Treasuries across multiple countries, positioning it as the 18th largest holder of US debt globally and the 3rd largest purchaser of 3-month US Treasuries after the UK and the Cayman Islands. Despite fluctuations in Bitcoin (BTC) prices, which reached an all-time high of $73,700 in March, the report noted that consolidated equity increased by $520 million in the second quarter, with gold’s positive performance compensating for the losses. The company revealed that its consolidated net equity as of June 30 was $11.9 billion. Tether Commits Profits To Ecosystem Expansion According to the financial disclosures, as of June 30, 2024, Tether’s reserves for circulating tokens totaled $118 billion, exceeding debt by $5.3 billion. In a strategic move, the firm also revealed that a portion of the second quarter’s profits is going to be reinvested in “pivotal projects” to bolster Tether’s ecosystem, while a substantial excess reserve of $5.3 billion was maintained to fortify token stability. Investments in sustainable energy, Bitcoin mining, artificial intelligence (AI) infrastructure, telecommunications technology, neurotechnology, education and other long-term ventures were also part of the firm’s portfolio. Related Reading: Elliot Wave Theory Suggests Bitcoin Price Will Crash Below $40,000 Paolo Ardoino, CEO of Tether, took to social media to celebrate the company’s growth and profitability recorded in the first half of the year, saying: Finally, we realize that our company grew and reached new, almost unimaginable, levels. It’s truly humbling to find ourselves in the position to build everything our imagination could dream. That’s why, for us, Tether is a Once-In-One-Hundred-Year Opportunity. And being a private company allows us to focus on the things that truly matter. Featured image from DALL-E, chart from TradingView.com