Tether Reports $10 Billion Annual Profit and USD₮ Circulation Hits $174 Billion
Tether’s USDT supply has tripled since 2023, with profits outpacing major banks, underscoring its dominance in the global stablecoin market.
BTC
USDT
Summary
Tether has tripled its USDT supply since 2023, pushing total circulation above $174 billion and generating profits exceeding $10 billion for 2025, according to its Q3 audit. The stablecoin issuer reported $4.3 billion in Q3 profits alone, with expansion fueled by institutional and retail adoption. Its asset holdings include U.S. Treasuries, gold, and bitcoin, and the company plans to launch a U.S.-focused stablecoin later in 2025.
Terms & Concepts
- USD₮ (Tether): A U.S. dollar-pegged stablecoin issued by Tether, designed to maintain a fixed value equivalent to one U.S. dollar.
- Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like fiat currency or commodities.