Tether's Chief Executive Discloses $127 Billion in Treasury Holdings, $20 Billion Expansion of USD₮
In a recent update, Tether, the stablecoin giant, reported a record net profit of $4.9 billion for Q2 2025, bringing its total earnings for the first half of the year to $5.7 billion. This profit includes $3.1 billion from recurring operational earnings and approximately $1.8 billion from mark-to-market gains on Bitcoin and gold holdings.
The update confirms strong growth in Tether's stablecoin, USD₮, issuance and record exposure to U.S. Treasuries. As of June 30, 2025, Tether had issued 157.1 billion USD₮, marking a $20 billion increase year-to-date. The token supply rose by $13 billion in Q2 alone, driven by rising demand across global markets.
Tether now holds over $127 billion in U.S. Treasuries, combining both direct and indirect exposure. This places the company among the world's largest holders of U.S. government debt, with $105.5 billion in direct holdings and $21.3 billion held indirectly.
The company has also been actively investing in U.S.-based initiatives. In Q2 2025 alone, Tether deployed $4 billion towards infrastructure development, supporting its growth and the broader digital dollar ecosystem.
The financial results demonstrate Tether's record profitability, significant growth in stablecoin supply, and strong asset backing primarily through U.S. Treasury investments. This strategic positioning as a major U.S. Treasury holder supports the stablecoin’s backing and regulatory compliance in a maturing digital assets market.
Tether's CEO, Paolo Ardoino, shared new figures from the company's Q2 2025 attestation report, which was completed by accounting firm BDO, confirming the accuracy of Tether's reserves. The report also reinforces Tether's position as a stablecoin leader with global scale.
The company has shifted from passive asset management to active, long-term ecosystem building. This shift aims to broaden the utility and accessibility of digital dollars worldwide, with Tether playing a critical role in remittances, payments, and on-chain finance across 150+ countries.
Tether has also been reinvesting heavily in strategic ventures. Recent funding has gone into XXI Capital and the Rumble Wallet project, further solidifying its position in the digital assets market. The company's growing reserves and profitability align with its wider mission of being a "proven model" for digital dollar innovation.
The robust solvency position and strong shareholder capital of around $5.47 billion underscore Tether's commitment to maintaining a 100% reserve claim, with the cushion made entirely of liquid assets supporting this claim.
In summary, Tether's Q2 2025 financial results demonstrate record profitability, significant growth in stablecoin supply, strong asset backing primarily through U.S. Treasury investments, and strategic investment commitments aimed at consolidating its market leadership and supporting the U.S. digital dollar initiative.
- The mark-to-market gains on Bitcoin and gold holdings contributed approximately $1.8 billion to Tether's record net profit of $4.9 billion for Q2 2025.
- Tether's growth in stablecoin supply was driven by rising demand across global markets, resulting in a $13 billion increase in Q2 2025 alone.
- Tether now holds over $127 billion in U.S. Treasuries, a significant portion of which is held through strategic ventures like XXI Capital and the Rumble Wallet project.
- The report completed by accounting firm BDO confirmed the accuracy of Tether's reserves and its position as a stablecoin leader with global scale, indicating a strong future in technology-driven finance and investing.
