Tether, the company behind the USDT stablecoin, reports significant profits and plans to expand operations in the US.
Tether's Q2 Profit
According to Q2 2025 financial attestations, Tether reported a net profit of $4.9 billion. CEO Paolo Ardoino noted the growing dominance of the company in the stablecoin market, highlighting a $100 billion gap with the nearest competitor. "USDt growth is accelerating, leading the market," he stated.
Tether's Holdings in US Treasuries
The report also confirmed that Tether holds over $127 billion in US government debt, with $105.5 billion in direct holdings. This is up by $8 billion compared to Q1 2025, positioning Tether as one of the largest holders of US debt.
USDT Circulating Supply Growth
During Q2, Tether issued $13.4 billion worth of USDT, bringing the circulating supply to over $157 billion, reflecting increasing demand from crypto markets and users seeking stablecoin utility.
Tether's strong financial performance and growing influence suggest that the company is well-positioned to expand its role in the global financial landscape. Its planned venture into the US may indicate the beginning of a new chapter in digital finance.
