Tether, the issuer of the USDT stablecoin, has released its financial report for the third quarter of 2025, prepared by auditors BDO. For the reporting period, the company’s net profit amounted to $10 billion.
This is reported by Business • Media
Growth of Reserves and Bond Portfolio
The report highlights that the market capitalization of the USDT stablecoin exceeded $174 billion, with excess reserves reaching approximately $6.8 billion. During the third quarter, the company issued 17 billion USDT, marking one of the best performances in Tether’s history.
The majority of USDT reserves are represented by U.S. Treasury bonds, totaling $135 billion. The report notes that Tether has become the 17th largest holder of Treasury bonds, surpassing South Korea.
Asset Diversification and New Initiatives
In addition to bonds, another 13% of Tether’s reserves consist of gold and Bitcoin, valued at $12.9 billion and $9.9 billion, respectively. The company’s total corporate assets, which are not included in the stablecoin reserves, are estimated at approximately $30 billion. These include investments in various sectors, including artificial intelligence.
The financial report also mentions the conclusion of the lawsuit with Celsius, the submission of an application for an investment fund license in El Salvador, and the launch of a buyback program for existing investors.
“The results of Q3 2025 reflect the sustained trust and strength of Tether, even amid a challenging global macroeconomic situation, reinforcing the Tether brand as a ‘stable company,’” stated the firm’s CEO, Paolo Ardoino.
Previously, the CEO indicated that Tether aims to achieve a profit of $15 billion by the end of 2025.