Tether Reports Record $10B Profit in Q3 2025, Emerges as Major U.S. Treasury Holder
Tether International has released its Q3 2025 attestation report, confirming over $10 billion in year-to-date profits. The report, verified by BDO, highlights total reserves of $181.2 billion against $174 billion in $USDT circulation.
Key takeaways:
🇺🇸 U.S. Treasury holdings: $135 billion — placing Tether 17th globally among sovereign holders
💰 Excess reserves: $6.8 billion above liabilities
🪙 Gold reserves: $12.9 billion
₿ Bitcoin holdings: $9.9 billion
With its massive Treasury exposure, Tether has become a significant player in traditional finance while solidifying its dominance as the world’s largest stablecoin issuer.
📈 The $USDT supply expanded by $17 billion in Q3 alone.
