Tether Profit Hits $10 Billion Milestone as USDT Supply Accelerates
In a remarkable display of financial acumen and strategic vision, stablecoin giant Tether has achieved a groundbreaking milestone, surpassing $10 billion in profits in the first three quarters of 2025. This impressive feat is a direct result of the company’s unwavering commitment to innovation, transparency, and financial stability.
As the world’s leading digital dollar, Tether’s USDT token has continued to gain traction, with its circulating supply surging to over $174 billion and its total exposure to US Treasuries reaching an all-time high of approximately $135 billion.
With a diversified reserve strategy that includes significant holdings in gold and Bitcoin, Tether is well-positioned to navigate the complexities of the global financial space. As the company continues to push the boundaries of what’s possible, its financial strength and stability are poised to remain a cornerstone of the industry.
Tether Acquires B in Profits
Earlier today, Tether published its Q3 2025 attestation, revealing the stablecoin giant’s successful trajectory over the past three quarters. The company reportedly surpassed the $10 billion mark in year-to-date net profit, solidifying its position as one of the most profitable and financially sound privately controlled businesses.
Notably, Tether continues to invest in expanding its digital dollar ecosystem, now serving over 500 million users worldwide. The company is also developing innovative initiatives in fields like AI, energy, and peer-to-peer communication to empower communities through technology and finance.
With excess reserves of $6.8 billion, Tether has a strong financial buffer. In Q3 2025, the company issued over $17 billion in new USDT tokens, bringing the total circulating supply to more than $174 billion. Commenting on this significant milestone, Tether CEO Paolo Ardoino stated, “Q3 2025 results reflect the continued trust and strength behind Tether, even amid a global challenging macroeconomic environment, reinforcing Tether’s brand as the ‘Stable Company.’” Ardoino added,
“Investors and users alike continue to turn to USD₮ as the most reliable and liquid digital dollar, proving the enduring confidence in Tether’s model. With its all-time high exposure to U.S. Treasuries, now amounting to $135 billion, it positions our company as the 17th largest holder of U.S. debt. Tether stands as a pillar of stability in the financial and tech ecosystem. Our consistent growth and discipline show that Tether is not only meeting global demand but also helping reinforce confidence in the broader digital economy.”
As of September 30, 2025, Tether’s reserves backing the tokens in circulation stood at $181.22 billion. At the same time, the company’s liabilities totalled $174.45 billion, with $174.36 billion attributed to digital tokens issued. This results in the value of the reserves exceeding the liabilities by $6.78 billion, demonstrating a strong financial buffer.
Key Highlights from Q3 2025
Tether’s Q3 2025 performance was remarkable, with the company issuing over $17 billion in new USDT tokens and increasing the total circulating supply to more than $174 billion. In addition, Tether’s exposure to US Treasuries reached an all-time high of approximately $135 billion, ranking 17th among nations holding US government debt.
The company’s reserves are diversified, with $12.9 billion in gold and $9.9 billion in BTC. Tether also successfully settled the Celsius litigation in October without impacting the token’s reserves, which have since surpassed $183 billion. Additionally, the company has applied for an Investment Fund License in El Salvador, leveraging the country’s newly established Private Alternative Investment Fund law.
Tether has also initiated a share buyback program, open to institutional investors for potential private placement participation, capitalising on its strong profitability and financial stability. Meanwhile, the company remains committed to maintaining substantial excess reserve buffer and proprietary group equity nearing $30 billion.
