Tether Reports Over $10B Profit, Expands US Treasuries Holdings to $135B
Tether International reported Q3 2025 results, with net profits surpassing $10 billion. The company aims for $15 billion by year-end.
- Total exposure to US Treasuries reached approximately $135 billion, making Tether the 17th-largest holder of US government debt globally.
- Issued over $17 billion in new USDT, raising the circulating supply to over $174 billion by the end of Q3.
- The number of tokens in circulation exceeded $183 billion by October 2025, leading the stablecoin market with a cap over $300 billion.
- User base expanded to over 500 million amid global demand for stablecoins.
Reserve Strategy and Financial Health
- Reserves included $12.9 billion in gold and $9.9 billion in Bitcoin, totaling about 13% of total reserves.
- Closed Q3 with excess reserves of $6.8 billion, ensuring a security buffer above liabilities.
- Total proprietary Group equity is nearing $30 billion, with liabilities at $174.4 billion and assets exceeding $181.2 billion.
Legal and Strategic Developments
- Completed a $299.5 million settlement in Celsius-related litigation without affecting token backing.
- Plans to raise over $20 billion to expand operations, including a return to the US market.