TLDR
- Tether Nets $4.9B Q2 Profit as USD₮ Surges Past $157B in Circulation
- $127B in U.S. Treasuries Anchor Tether’s Record-Breaking Q2 Growth
- USD₮ Demand Soars Globally, Tether Leads in Stablecoin Resilience
- Tether’s Strategic Profits Fuel $4B U.S. Reinvestment and Tech Growth
- Record Reserves and $5.7B Profit Cement Tether’s Digital Finance Lead
Tether International (TI) reported a $4.9 billion net profit for Q2 2025, signaling sustained growth. The company reported its total assets exceeded liabilities, with $162.57 billion in assets and $157.1 billion in liabilities backed by substantial reserves and continued global demand.
USD₮ Circulation Surges as Tether Expands Global Reach
Tether issued over $13.4 billion in USD₮ during Q2 2025, raising its total circulating supply to more than $157 billion. This increase reflects a $20 billion year-to-date growth and demonstrates strong global demand for dollar-based digital liquidity. USD₮ continues to serve users in over 150 countries, where access to traditional financial systems remains limited.
💥 JUST IN: #Tether has profited $2,6 Billion from its $BTC and Gold reserves so far in 2025.
And reported an overall net profit of $4,9 Billion for Q2. 👀 pic.twitter.com/51kcNGwVnm
— Crypto Rand (@crypto_rand) July 31, 2025
The consistent rise in issuance indicates broad usage across fintech platforms, remittance networks, and emerging economies. Tether remains focused on infrastructure support and transparent reporting to maintain confidence across all regions. BDO’s attestation confirmed the accuracy of the Financial Figures and Reserves Report (FFRR).
Tether’s growth trajectory aligns with global trends toward digitized currency systems supported by regulated frameworks. U.S. initiatives like the GENIUS Act reinforce the role of stablecoins in monetary innovation. Tether positions itself as a reliable infrastructure for real-time, dollar-denominated transactions worldwide.
Reserve Backing Anchored by Over $127 Billion in U.S. Treasuries
Tether’s exposure to U.S. Treasuries rose to $127 billion, including $105.5 billion in direct holdings and $21.3 billion in indirect exposure. This represents an $8 billion increase from Q1 and places Tether among the largest holders of U.S. government debt. These assets form a critical part of the reserves backing USD₮.
The company’s shareholder capital remained stable at approximately $5.47 billion, further reinforcing its solvency position. This capital acts as an extra buffer, protecting operations during volatile market conditions. Tether’s proprietary investments are excluded from token reserve calculations.

Tether’s reserve strategy ensures liquidity and transparency, aligning private innovation with broader financial stability goals. The management emphasized that all token liabilities are fully backed, meeting the obligations of issued digital assets. These disclosures support the platform’s long-term operational independence and resilience.
Profits Reinforced by Strategic Investment and Recurring Revenue
Tether recorded $5.7 billion in profit during the first half of 2025, including $3.1 billion in recurring revenue from core operations. An additional $2.6 billion came from mark-to-market gains in gold and bitcoin holdings, reflecting diverse income streams. These figures highlight the strength and stability of Tether’s business model.
Reinvestment has accelerated, with significant capital directed into strategic infrastructure and innovation initiatives over the past six months. Projects such as XXI Capital and the Rumble Wallet reflect Tether’s broader focus on finance, data, and digital freedom. The company has deployed about $4 billion into the U.S. ecosystem as part of this plan.
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