Tether’s Financial Juggernaut: Over $10 Billion Profit, Record Reserves, and Strategic US Expansion

Tether, the world’s leading stablecoin issuer, continues to demonstrate unparalleled financial strength and strategic foresight, reporting a net profit exceeding $10 billion for 2025. While this figure represents a slight decrease from its record-setting $13 billion profit in 2024, Tether’s profitability remains remarkably robust, significantly outpacing most companies in the dynamic cryptocurrency sector. This impressive performance is detailed in the latest annual assurance report issued by independent accounting firm BDO.

Unprecedented Growth and Robust Financials

Beyond its formidable bottom line, Tether achieved the second-highest business scale in its history last year, facilitating the issuance of over $50 billion in new USDT. In an official statement, Tether underscored its commitment to fostering the digital dollar ecosystem while upholding an exceptionally robust financial performance. This success is attributed to stringent reserve management and astute strategic allocations across US Treasury bonds, various digital assets, and key investments.

The total circulating supply of USDT has now surged past $186 billion, marking a new all-time high. With total assets reaching an astounding $193 billion, Tether proudly maintains approximately $6.3 billion in “excess reserves,” further solidifying its stability and reliability.

A notable highlight of Tether’s reserve assets is its substantial holding of US Treasury bonds, valued at $122 billion. This colossal sum surpasses the Treasury holdings of many sovereign nations, underscoring Tether’s significant role in global financial markets.

Furthermore, Tether strategically holds approximately 140 tons of gold. This serves as a vital hedge against inflation and acts as the foundational reserve asset for its gold-backed stablecoin, XAUT.

Evolving Beyond Stablecoins: A Tech Conglomerate in the Making

Under the visionary leadership of CEO Paolo Ardoino, Tether has transcended its initial identity as merely a stablecoin issuer. It is rapidly transforming into a diversified technology conglomerate. Leveraging its substantial profits, Tether is aggressively investing in cutting-edge sectors, including Bitcoin mining, peer-to-peer (P2P) crypto communication, and decentralized artificial intelligence (AI).

Strategic Move into the US Market with “Made in America” USAT

In a significant strategic development, Tether is actively pursuing recognition and market penetration within the United States. Last week, the company officially unveiled USAT, a new stablecoin proudly branded as “Made in America.” This innovative product is meticulously engineered to comply with the stringent regulatory framework of the US “GENIUS Act” for stablecoins. The introduction of USAT is widely regarded as a pivotal maneuver for Tether to enter the regulated US market and directly challenge established competitors like USDC, signaling a new era of compliant stablecoin offerings.