In Q2, the net profit of Tether International Ltd. amounted to $4.9 billion. Auditor BDO confirmed the sufficiency of asset backing, according to the report.
From April to June, the issuer of the USDT stablecoin issued coins worth $13.4 billion, and since the beginning of the year — $20 billion. The total circulating supply exceeded 157 billion USDT.
The firm has become one of the largest holders of US government bonds worth $127 billion.
"This important milestone coincides with a period when American politicians, through the GENIUS Act, have taken decisive steps to strengthen the global leadership of the dollar in digital form," the document states.
The organization's equity "remains stable compared to the previous quarter" and amounts to about $5.47 billion. These excess reserves serve as a buffer against shocks, allowing for independence from market cycles, Tether noted.
The company reinvested a significant portion of its recent profits into long-term strategic initiatives. Key projects include XXI Capital and Rumble.
Tether is also actively supporting artificial intelligence, renewable energy, and digital communications initiatives. In total, the issuer has invested about $4 billion.
"As regulators formalize the foundations of digital dollars, Tether serves as a live, proven model of what innovation in the stablecoin space can achieve: transparency, resilience, and global reach. USDT helps billions of people access the stability of the dollar, and this mission has never been more urgent and relevant," emphasized the company's CEO Paolo Ardoino.
Recall that Tether reported that at the end of Q2, nearly 250,000 'gold' stablecoins were in circulation. The backing of XAUT consists of 7.6 tons of precious metal.
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