Tether, known as the issuer of the USDT stablecoin, has released its financial report for the third quarter of 2025. According to an audit by the international firm BDO, Tether’s net profit has reached $10 billion since the beginning of the year, marking a significant financial achievement for the cryptocurrency industry.
This is reported by Finway
USDT Market Capitalization and Company Reserves
The report indicates that the market capitalization of USDT has exceeded $174 billion, with the excess reserve level of the stablecoin amounting to approximately $6.8 billion. During the third quarter, the company issued 17 billion new USDT, one of the highest figures in Tether’s history.
The majority of the company’s reserves consist of U.S. Treasury bonds. The backing of USDT by these securities increased to $135 billion during the reporting period, allowing Tether to rise to 17th place among the largest holders of U.S. Treasury bonds, surpassing even South Korea.
Company Investments and Strategic Moves
Another 13% of Tether’s reserves are allocated between gold and Bitcoin. Specifically, $12.9 billion is concentrated in gold, while $9.9 billion is in Bitcoin. In addition to reserve assets, the company’s total corporate assets, which are not related to USDT reserves, amount to approximately $30 billion. These funds are invested in various sectors, including artificial intelligence.
Among the significant events of this quarter are the conclusion of the legal proceedings with Celsius, the submission of an application for an investment license in El Salvador, and the launch of an initiative to buy back stakes from existing investors.
“The results of Q3 2025 reflect the sustained trust and strength of Tether, even amid a challenging global macroeconomic situation, reinforcing the Tether brand as a ‘stable company,’” said CEO Paolo Ardoino.
Earlier, the company head also announced plans to achieve $15 billion in net profit by the end of 2025.