Tether's net profit in 2025 exceeds 10 billion dollars, with gold reserves reaching 17.4 billion dollars

According to Coindesk, Tether, the issuer of the stablecoin USDT, announced on Friday that its net profit for 2025 will exceed $10 billion, primarily due to the steady growth of its flagship token USDT and increasing investments in U.S. Treasury bonds and gold.

The fourth-quarter financial report signed by the Italian accounting firm BDO shows that Tether holds $6.3 billion in excess reserves, sufficient to offset its $186.5 billion liabilities related to issued tokens. The circulating supply of USDT has grown by $50 billion over the year, exceeding $186 billion. The company continues to increase its holdings of U.S. Treasury bonds, with direct holdings reaching $122 billion, and total holdings, including overnight reverse repurchase agreements, amounting to $141 billion. This positions Tether among the largest holders of U.S. Treasury bonds globally. Tether also maintains significant allocations in gold and Bitcoin, with holdings of $17.4 billion and $8.4 billion, respectively.