Tether's profit soars to a record $4.9 billion in Q2 2025, with issuance reaching unprecedented highs.
In the second quarter of 2025, Tether, the issuer of the largest stablecoin by market cap, USDT, expanded its circulating supply to over $157 billion, marking a growth of over $20 billion since the start of the year [1][2][3]. This growth is driven by increased demand and global acceptance of USDT across more than 150 countries, particularly in regions with unstable banking systems.
Tether's financial disclosures and aggressive reinvestment strategy signal its intent to remain a leader among infrastructure providers for the worldwide stablecoin economy. The company's Q2 earnings set a new company record, with a 277% profit increase compared to the prior year, reaching $4.9 billion profit in the quarter and $5.7 billion year-to-date [1][2][3].
A significant portion of Tether's Q2 net profit, approximately $3.1 billion, comes from recurring operations, while $2.6 billion comes from mark-to-market gains on Tether's gold and Bitcoin holdings [1]. Tether International's financial statements and reserves were confirmed accurate and transparent by international accounting firm BDO.
Tether's growth and expansion are also reflected in its asset reserves, which increased by $8 billion from the prior quarter. The company maintains shareholder capital of approximately $5.47 billion [1].
The passage of the GENIUS Act in the US, which incentivizes stablecoin issuers to maintain robust reserves and transparency practices, is propelling the growth of stablecoin companies, including Tether and its competitor Circle [1].
Tether's strategic move to hold over $127 billion in U.S. Treasury bonds makes it the 18th-largest U.S. Treasury holder worldwide, strengthening its financial stability and underscoring its growing influence bridging traditional finance and the cryptocurrency space [1][2][3].
In a recent statement, Tether's CEO, Paolo Ardoino, noted that the company is not just keeping pace with global demand, but shaping it. Ardoino also commented that Tether is ready to engage directly with US regulators and return to work in the United States [1].
Tether's USDT is trusted and accepted in over 150 countries, making it a crucial player in the global financial landscape. With a market capitalization of approximately $164.5 billion and a dominating 61.7% market share of the total stablecoin industry [1][2][3], Tether continues to solidify its position both in digital and traditional financial markets.
Sources: [1] Tether International. (2025). Tether Q2 2025 Financial Report. Retrieved from https://tether.to/en/q2-2025-financial-report/ [2] CoinMarketCap. (2025). Tether (USDT) Market Cap and Circulating Supply. Retrieved from https://coinmarketcap.com/currencies/tether/ [3] CoinDesk. (2025). Tether's Q2 Profit Surges as USDT Market Share Grows. Retrieved from https://www.coindesk.com/tethers-q2-profit-surges-as-usdt-market-share-grows
- Tether's aggressive reinvestment strategy in finance, coupled with its strategic interests in technology through investments in gold and Bitcoin, has been instrumental in its significant profit growth.
- The company's substantial holdings in U.S. Treasury bonds, a key technology-based financial instrument, underscores Tether's growing influence as a bridge between traditional finance and the cryptocurrency space.
