Tether's 2025 Financials Reveal Over $10B Profit and Unprecedented Treasury Exposure
A detailed analysis of Tether's 2025 performance, highlighting record profitability, massive U.S. Treasury holdings, and strategic growth initiatives.
Furedata - Tether Q3 attestation from BDO verifies year-to-date net profits exceeding $10 billion. This confirms the company's position as a financially robust private enterprise and validates the accuracy of its Financial Figures and Reserves Report.
According to Tether (October 31, 2025), the firm maintains a strong buffer with $6.8 billion in excess reserves. Simultaneously, it is funding ecosystem expansion into AI, energy, and peer-to-peer communications, serving a global user base that has grown beyond 500 million individuals.
The third quarter was a landmark period, with more than $17 billion in new USD₮ issued. This substantial growth elevated the total circulating supply to over $174 billion, cementing its status as the premier digital dollar with worldwide accessibility.
Tether Official reported a historic peak in U.S. Treasuries exposure, reaching approximately $135 billion. This holding positions Tether as the world's 17th largest holder of U.S. government debt, surpassing nations like South Korea in its investment scale.
A forward-thinking and diversified reserve strategy is reflected in its holdings. The company’s gold reserves were valued at $12.9 billion, while its bitcoin holdings stood at $9.9 billion. Combined, these assets constitute roughly 13% of its total reserves.
In October, the company finalized the Celsius litigation settlement using its own investment capital. This resolution had no impact on the reserves backing its tokens, which by that time had increased in circulation to more than $183 billion.
Tether is pursuing additional strategic ventures. Its holding company has applied for an Investment Fund License in El Salvador. Separately, a share buyback initiative is being launched, targeting institutional investors through a planned private placement.
The management's assertion for September 30, 2025, indicates reserves of $181.2 billion against liabilities of $174.4 billion. This leaves an excess of $6.78 billion. Tether Official clarified that proprietary group investments are held separately from these token-backing reserves.
CEO Paolo Ardoino stated that these results demonstrate unwavering trust in Tether amid global economic instability. He highlighted the company's role as a pillar of stability, consistently meeting worldwide demand and reinforcing confidence in the digital economy.