Tether 2025 profit tops $10B, down 23% as U.S. Treasuries exceed $122B

Tether said in a Friday BDO-prepared report that 2025 net profit exceeded $10 billion, about 23% below the $13 billion recorded in 2024. The filing showed direct U.S. Treasury holdings above $122 billion and $50 billion of new USDt issued over 12 months, as demand moved outside traditional banking.