Tether International Ltd. reported Q2 2025 net profit of $4.9 billion

Tether International Ltd., the issuer of the USDT stablecoin, reported a net profit of $4.9 billion for the second quarter of 2025, reflecting strong operational performance and expanding influence in the global digital asset market.

According to the company’s latest attestation report, profit for the first half of 2025 reached $5.7 billion. The quarterly results were supported by core earnings and investment gains, underscoring Tether’s growing financial footprint.

Core Earnings and Investment Gains

Tether generated $3.1 billion in recurring operational income, demonstrating consistent strength in its primary stablecoin business. The company also reported $1.8 billion in mark-to-market gains from its holdings in Bitcoin and gold, highlighting the strategic value of its diversified reserve approach.

The attestation was conducted by accounting firm BDO and reflects Tether’s focus on building trust through transparency. Its ability to post strong profits amid ongoing market volatility has drawn comparisons with traditional financial institutions.

USDT Supply Growth and Market Positioning

USDT’s circulating supply increased by $20 billion since January, reaching a total of $157 billion. More than $13 billion of that was issued during the second quarter alone.

This growth signals accelerating global demand for stablecoins. Tether said adoption is particularly strong in emerging markets, where consumers use digital assets to bypass currency instability and limited banking infrastructure. The company has increased outreach in Latin America and Africa.

Strategic Investment and Treasury Holdings

Tether deployed approximately $4 billion into U.S.-based sectors including artificial intelligence, renewable energy and telecommunications. The investments were made through affiliated entities such as Tether Investments and XXI Capital.

As of June 30, Tether’s U.S. Treasury holdings stood at $127 billion. This figure includes $105.5 billion in direct Treasury securities and $21.3 billion held via money market funds. The size of this portfolio positions Tether among the world’s largest holders of U.S. sovereign debt.

CEO Commentary

“Tether’s Q2 performance confirms growing market confidence in our model,” said CEO Paolo Ardoino. “With over $127 billion in U.S. Treasuries, deep reserves in Bitcoin and gold, and $20 billion in new USDT issued, we are not just responding to demand, we are shaping it.”

Ardoino added that Tether serves as a real-world example of stablecoin technology operating at scale. He said the company’s resilience, transparency and reach give it a leadership role as digital assets gain wider adoption.

Regulatory Environment

The company’s financial disclosure comes shortly after the United States passed the GENIUS Act, a major stablecoin regulation signed into law by President Donald Trump. The legislation aims to provide clarity for digital dollar issuers and create a foundation for broader adoption.

Tether said it remains committed to compliance and continues to engage proactively with regulators worldwide. Regular attestation reports and expanded disclosures are part of its strategy to build long-term credibility in the regulated financial system.

Recap :

Tether’s second-quarter performance highlights its increasing significance in the digital economy. With strong earnings, rising market share, strategic investments and substantial Treasury exposure, the company is positioned for continued growth in the second half of 2025.