Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Tether posts record $4.9 billion net profit for second quarter

Tether posts record $4.9 billion net profit for second quarter

The BlockThe Block2025/07/30 16:00
By:By RT Watson

Quick Take Tether, the world’s largest stablecoin issuer, said it registered a net profit of $4.9 billion, setting a new quarterly record. The previous record was $4.5 billion, set in Q1 2024. The company held nearly $9 billion in bitcoin at the end of the fiscal period.

Tether posts record $4.9 billion net profit for second quarter image 0

Stablecoin juggernaut Tether scored a new quarterly record during the second quarter by posting a net profit of $4.9 billion, the company said on Thursday.

Tether's previous net profit record of $4.52 billion was set during the first quarter of last year. The company has proven in recent years to be one of the world's most profitable companies.

"Q2 2025 marked a new chapter in Tether’s global expansion, with over $13.4 billion USDT issued, bringing the circulating supply to more than $157 billion," the firm said in its latest attestation report prepared by accounting firm BDO. "Total exposure to U.S. Treasuries – including $105.5 billion in direct holdings and $21.3 billion owned indirectly — exceeded $127 billion (~$8 billion increase compared to Q1 2025) at the end of Q2 2025."

Tether is by far the leading stablecoin issuer. The second-largest stablecoin USDC, issued by Circle, has a supply of roughly $64 billion, according to The Block Data Dashboard . That's compared to USDT's $163 billion total supply.

The USDT issuer also said it held nearly $9 billion in Bitcoin at the end of the second quarter. 

Tether repeated that it remains "among the largest holders of U.S. government debt globally" and that the "milestone comes at a time when U.S. policymakers, through the GENIUS Act, have taken decisive steps to solidify the dollar’s global leadership in digital form." 

So far Tether's customers have almost exclusively been non-U.S. based users and entities, but that could change as the company eyes expanding into the U.S. market amid President Donald Trump implementing a pro-crypto administration. Last week, Tether CEO Paolo Ardoino said the stablecoin issuer is well underway to do business in the U.S.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost