Haciyev Reşit 
The world’s largest stablecoin issuer, Tether, announced that it has generated over $10 billion in net profit during the first three quarters of 2025. The company continues to boost its record-breaking revenue, largely driven by significant investments in U.S. Treasury securities.
Over $4.3 Billion Profit in Q3
Tether had reported $5.7 billion in profit during the first two quarters of the year. Based on the latest figures, the company’s third-quarter profit exceeded $4.3 billion. In the same announcement, Tether confirmed the issuance of an additional $17 billion in USDT, further expanding its market dominance.
Operating primarily through its El Salvador–based entities, Tether continues to publish attestation reports prepared by BDO, rather than full financial statements. CEO Paolo Ardoino emphasized that the company has maintained strong growth despite global economic challenges, reinforcing Tether’s position as the backbone of the digital asset ecosystem.
Tether’s Massive Treasury Holdings
Tether’s latest financial disclosure reveals that the company’s exposure to U.S. Treasury securities has reached $135 billion. In addition, Tether holds approximately $13 billion in precious metals and $10 billion in Bitcoin. This diversified portfolio strengthens the company’s reserves, enhancing its ability to maintain the USDT’s dollar peg.
Financial analysts note that Tether’s enormous Treasury position elevates it from being merely a stablecoin issuer to a global digital finance powerhouse.
Rising Competition: USDC Closing In
While Tether remains the undisputed leader among USD-pegged stablecoins, a JPMorgan report highlights that Circle’s USDC is rapidly catching up in terms of on-chain activity and market share. The growing adoption of USDC among institutional investors underscores the intensifying competition in the stablecoin sector.
Earlier this month, Tether announced it had surpassed 500 million users worldwide. Meanwhile, a Bloomberg report from September revealed that the company is in talks to raise up to $20 billion at a $500 billion valuation a strategic move aimed at accelerating Tether’s expansion and strengthening its presence in global payment infrastructures.
Overall Assessment: Tether Becomes the New Giant of Digital Finance
Tether’s 2025 performance demonstrates that the stablecoin industry is no longer limited to the crypto ecosystem it is rapidly becoming an integral part of the global financial infrastructure.
The rapid growth of USDT supply, large-scale investments in U.S. Treasury securities, and robust cash reserves position Tether as the de facto digital dollar. According to experts, this trend signals that in the coming years, the stablecoin market will evolve into a more regulated, institutionalized, and large-scale structure marking the next phase of digital finance integration with traditional markets.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.