Tether earned $4.9 billion for the quarter and became one of the largest holders of U.S. government bonds

The company Tether published its report for the second quarter of 2025, verified by the auditing firm BDO.

As of June 30, more than $157 billion was in circulation in the USDT stablecoin. Since the beginning of the year, the issuance has increased by $20 billion, of which $13.4 billion was issued in the second quarter.

According to the report, the total amount of USDT reserves in U.S. government bonds reached $127 billion — $105.5 billion in direct ownership and $21.3 billion through indirect instruments.

This is $8 billion more than in the first quarter, placing Tether among the largest holders of U.S. government debt in the world.

Tether's net profit for the second quarter was approximately $4.9 billion. Since the beginning of the year, profits have reached $5.7 billion, of which $3.1 billion is regular income, and another $2.6 billion came from investments in bitcoin and gold. In both assets, it holds about $9 billion each.

The report also notes active reinvestment of profits.

Since the beginning of the year, the company has invested about $4 billion, including investments in XXI Capital, the Rumble platform, and the development of Rumble Wallet.

Among the areas mentioned are AI, renewable energy, and communication technologies.