USDT Issuer Tether's Bitcoin (BTC) Holdings Rise to Nearly $10B as Big Profits Continue
Tether reported over $10 billion in net profits for the first nine months of the year and initiated a share buyback program.Summary
Tether, the issuer of the world's largest stablecoin USDT, announced that its net profits surpassed $10 billion for the first nine months of the year, coinciding with its flagship token's market cap swelling to $174 billion in Q3 2025. The firm maintains $6.8 billion in excess reserves over its $174.4 billion in USDT-related liabilities. Tether's holdings include $135 billion in U.S. Treasuries, making it the 17th largest holder of U.S. debt, along with $12.9 billion in gold and $9.9 billion in Bitcoin. Furthermore, Tether announced the start of a share buyback program, potentially involving institutional investors, and confirmed it is headquartered in El Salvador, where it has applied for an investment fund license. The company is also preparing to launch a new stablecoin, USAT, focused on the U.S. market.
(Source：CoinDesk)