Tether Sets New Profit Record With $4.9B in Q2 Earnings

Stablecoin giant Tether has reported a record-breaking net profit of $4.9 billion in the second quarter of 2025, surpassing its previous high of $4.52 billion set in Q1 2024.

The company continues to cement its status as one of the most profitable firms globally, fueled by growing stablecoin adoption and strong U.S. Treasury returns.

According to its latest attestation report by accounting firm BDO, Tether also issued over $13.4 billion USDT during Q2, expanding its total circulating supply to more than $157 billion. This growth reflects rising demand for dollar-backed digital assets across both centralized and decentralized platforms.

Tether’s reserves remain heavily invested in U.S. Treasuries, with $105.5 billion held directly and another $21.3 billion held indirectly — totaling more than $127 billion in exposure. This represents an $8 billion increase compared to Q1, highlighting the firm’s continued strategy of backing its stablecoins with highly liquid, low-risk assets.

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Q2 2025 also marked a significant milestone in Tether’s global expansion efforts, as the company strengthens its footprint in emerging markets and bolsters institutional trust through improved transparency.

Despite persistent questions about stablecoin regulation and reserve disclosures, Tether’s profitability and capital reserves position it as a dominant force in the digital asset ecosystem, especially amid growing usage of USDT in remittances, crypto trading, and cross-border settlements.