Tether reports over $10B 2025 profit; Q4 attestation shows $6.3B excess reserves

On January 30, 2026, Tether published its Q4 2025 attestation, reporting more than $10 billion in net profit for 2025. The BDO Italy–signed report showed $6.3 billion in excess reserves against $186.5 billion in liabilities, as USDT supply climbed by roughly $50 billion to over $186 billion.