Tether Tops $10B in 2025 Profits, Treasury Holdings Surge

• Tether reports record $10 billion in profits and significant U.S. Treasury holdings.
• USDT supply hits $174 billion, reflecting increasing global adoption.

Tether, the world’s largest stablecoin issuer, reported over $10 billion in year-to-date net profit by Q3 2025, with quarterly profits of $4.3 billion in the latest period, according to its attestation report released on October 31, 2025. The report, highlighted by PANews and Phemex News, also emphasizes Tether's expanding influence in global markets.

The company revealed $135 billion in U.S. Treasury securities, positioning it as the 17th largest holder of U.S. government debt. Its substantial Treasury investments now rival those of countries like South Korea, underscoring its rising significance in global financial systems. A sudden shift in Tether’s strategy could have implications for Treasury market stability, reflecting its systemic importance.

Beyond Treasuries, Tether holds $12.9 billion in gold and $9.9 billion in Bitcoin as part of a reserve diversification strategy. These investments aim to balance potential risks from macroeconomic uncertainties while maintaining robust profitability.

Tether also reported a $17 billion increase in the circulating supply of USDT during Q3, bringing total supply to $174 billion. The company’s active user base has surpassed 500 million globally, highlighting Tether's expanding role as a pivotal player in the digital asset ecosystem. This growth showcases its critical position within the broader cryptocurrency market, with its stablecoin supply becoming a keystone for transactions and liquidity.

However, Tether's growing financial footprint has drawn heightened attention from regulators. The combination of record profits, significant exposure to U.S. Treasuries, and an expanding USDT supply has intensified calls for clear regulatory oversight to mitigate potential risks tied to its scale and operations.

As of October 31, 2025, 16:08 UTC, Tether USDt (USDT) is trading at $1.00, experiencing a -0.049% change in 24-hour volume and registering a fully diluted market capitalization of $185.88 billion, according to CoinMarketCap.