Tether Reports Year-to-Date Net Profit Exceeding $10B in Q3 2025

Tether announced on Oct. 31 its year-to-date net profit surpassed $10 billion as of Sept. 30, according to Tether Attestation. The stablecoin issuer reported over 500 million global users and total USDT circulation exceeding $174 billion after issuing more than $17 billion in new tokens this year, with excess reserves of $6.8 billion. Tether's direct and indirect exposure to U.S. Treasury securities reached a record $135 billion, ranking it 17th globally among government debt holders, ahead of South Korea. The company held $12.9 billion in gold reserves and $9.9 billion in Bitcoin, representing approximately 13% of total reserves, with assets exceeding liabilities by $6.778 billion at quarter-end.