Tether (USDT) net profits top $10 billion in 2025, held $17 billion gold and $8 billion bitcoin

Tether, the issuer of USDT, concluded 2025 with net profits exceeding $10 billion, driven by growth in its token supply and significant holdings in U.S. Treasuries and gold. The fourth-quarter attestation showed Tether holding $6.3 billion in excess reserves over its $186.5 billion in liabilities. The company's USDT circulating supply grew by $50 billion to over $186 billion. Tether's exposure to U.S. government debt reached $141 billion (including overnight reverse repurchase agreements), making it one of the world's largest holders of such debt. Furthermore, Tether reported holdings of $17.4 billion in gold and $8.4 billion in Bitcoin. CEO Paolo Ardoino stated that Tether enters 2026 with one of the strongest balance sheets globally, supported by record issuance, substantial reserves, and high Treasury exposure. This announcement follows Tether's recent launch of the USAT stablecoin for the U.S. market.

(Source：CoinDesk)