Tether releases its Q2 2025 attestation report.
It confirms net profit of about $4.9 billion for the quarter and $5.7 billion for the year so far.
Of the latter, $3.1 billion came from recurring earnings, and $2.6 billion from gold and BTC.
Making headlines today is the popular stablecoin company Tether (USDT). In detail, Tether releases its Q2 2025 attestation report, confirming net profit of approximately $4.9 billion for the quarter and a total of $5.7 billion in net profit for the first half of the year. Of this, $3.1 billion came from recurring earnings, while $2.6 billion resulted from mark-to-market gains on Bitcoin and gold.
Tether Releases its Q2 2025 Attestation Report
Tether International releases its Q2 2025 attestation report, independently verified by global accounting firm BDO. The report offers a transparent view of the assets backing USDT, Tether’s flagship stablecoin, as of June 30, 2025. Specifically, the data reveals a significant expansion of Tether's presence in global finance. This is supported by the company’s previous announcements on gold and BTC investments for reference.
To highlight, the report reveals that in the first half of 2025, the company issued over $20 billion in new USDT, pushing its circulating supply beyond $157 billion. In Q2 alone, more than $13.4 billion was issued, shedding light on the increasingly growing trust and adoption of USDT as the most trusted stablecoin option in the crypto market for a secure and transparent digital dollar.
The Company Reveals Billions in Net Profits
One of the report's standout figures is Tether’s $127 billion exposure to U.S. Treasuries. This includes $105.5 billion in direct holdings and $21.3 billion through indirect ownership—an increase of $8 billion since Q1. This positioning places Tether among the world’s largest holders of U.S. government debt, demonstrating the company's alignment with broader U.S. monetary goals and highlighting the role of private innovation in supporting digital dollar infrastructure.
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Financially, Tether posted a robust net profit of approximately $4.9 billion in Q2, bringing its year-to-date total to $5.7 billion. Recurrent earnings accounted for $3.1 billion, while Bitcoin and gold holdings added another $2.6 billion in mark-to-market profits. Shareholder capital held steady at around $5.47 billion, ensuring strong solvency and a buffer against market volatility.
In addition, Tether has reinvested a significant portion of its profits into strategic ventures, including XXI Capital and Rumble’s wallet development. Notably, around $4 billion has already been allocated within the US, underscoring its commitment to domestic growth. As regulators shape digital dollar policies, Tether stands as a proven model for resilient and transparent stablecoin solutions.
As of June 30, 2025, Tether’s assets totaled over $162.5 billion, comfortably exceeding its liabilities of $157.1 billion. Proprietary investments in AI, renewable energy, and digital infrastructure remain outside token reserves, indicating diversified long-term ambitions. Tether’s momentum reflects both its operational strength and its expanding role in a shifting global financial system.