Tether Nets Record Profit as US Debt Hoard Hits $141 Billion
Tether reported a record $10 billion net profit for 2025, driven by a $50 billion USDT expansion and holding $141 billion in US Treasuries.Summary
Tether, the dominant stablecoin issuer, announced a staggering $10 billion net profit for 2025, primarily generated from its core stablecoin business during a period of high interest rates. This profit coincided with a massive $50 billion expansion in USDT liquidity, pushing total circulation past $186 billion. Tether's balance sheet now features a record $141 billion exposure to US Treasuries, making it a major global creditor to the US government. Despite this financial success and maintaining over $6.3 billion in excess reserves, the company faces regulatory challenges, including operating without a MiCA license in Europe and USDT being deemed "unqualified" in the US following the GENIUS Act. In response, Tether launched USAT for regulated US commerce, signaling a bifurcated strategy to maintain its global leadership while navigating increasing regulatory scrutiny.
(Source：BeInCrypto)