Tether Reports Record Profit of $4.9 Billion in Q2 2025

Tether, the world’s leading stablecoin issuer, has released its financial attestation report for Q2 2025, showcasing remarkable figures. The company achieved a net profit of $4.9 billion in the last quarter, bringing the total profit for the first half of 2025 to $5.7 billion, which includes $1 billion in profit recorded from Q1.

Out of the $4.9 billion profit for Q2, Tether detailed the sources: $3.1 billion came from core business operations, while the remaining $2.6 billion was generated from the revaluation of its gold and Bitcoin holdings.

In Q2 2025, Tether issued an additional $13.4 billion USDT into the market, raising the total circulating supply to over $157 billion—an increase of nearly $20 billion since the beginning of the year. This strong growth momentum reflects the market’s increasing confidence in USDT as a stable, transparent, and resilient digital asset.

As of June 30, 2025, Tether holds a diverse asset portfolio valued at $162.57 billion, which includes:

U.S. Government Bonds: Over $127 billion, with $105.5 billion held directly and $21.3 billion through indirect financial instruments. Compared to Q1, this marks an increase of nearly $8 billion, positioning Tether among the largest private holders of U.S. government debt globally.
Other Assets: $8.725 billion in gold, $8.928 billion in Bitcoin, $4.8 billion in other investments, and $10.13 billion in loaned assets.

With total liabilities of $157.1 billion, primarily obligations related to issued USDT, Tether currently exhibits a clear asset surplus. This ensures the company’s liquidity and operational stability under various market conditions.

The substantial profits are not only retained as a buffer but are also being reinvested into strategic long-term initiatives across various sectors such as artificial intelligence, renewable energy, data, and communication infrastructure.

Notable investments include XXI Capital (Twenty One Capital), Rumble, and the Rumble Wallet, aimed at expanding influence in the information freedom sector and Web3 applications. Importantly, over $4 billion has been reinvested in the U.S., highlighting a strategic priority for the domestic market.

CEO Paolo Ardoino stated, “Q2 2025 demonstrates the accelerating trust in Tether. We are not just keeping pace with global demand; we are leading it, with over $127 billion in U.S. bond exposure, strong reserves in gold and Bitcoin, and over $20 billion in newly issued USDT.”

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