Tether confirms its supremacy with $5.7 billion profits in six months

Tether, losing money? The idea seems absurd as the numbers are thriving. While some crypto projects face regulatory and financial storms, the issuer of USDT keeps posting record results. With $5.7 billion in profits over six months, including $4.9 billion in the second quarter alone, the company is carving a golden path in the stablecoin universe. Shareholders must be quietly enjoying their champagne. But what hides behind this sudden success? What drives this discreet giant, now the largest private holder of US debt?

The most profitable crypto cash machine of 2025? Tether proves it

This second quarter of 2025 will remain a turning point in Tether’s history. Posting $4.9 billion in net profits over three months and a boom for Tether Gold, the company surpasses historic institutions. This figure is no coincidence: it stems from careful but aggressive management of its reserves.

Tether holds $127 billion in US Treasury bonds, including $105.5 billion directly. This makes it the 18th largest global holder of US debt, ahead of South Korea. Paolo Ardoino, CEO of Tether, summarizes their strategy as follows:

We don’t just follow global demand, we shape it.

Another strong sign: in 2025, the company issued an additional $20 billion in USDT, bringing the circulating supply to 157 billion. Moreover, excess reserves (about $5.47 billion) ensure its resilience to market shocks.

Finally, the profits don’t just come from classic markets. Gold and bitcoin represent $2.6 billion in mark-to-market gains, proof of controlled diversification.

Beyond profit: behind the scenes of a stablecoin empire

What stands out is the diversity of initiatives and Tether’s strategic coherence. At the helm, a team betting big on infrastructure. Whether through its investment in the Rumble wallet or XXI Capital, Tether reinvests its profits into the backbone of crypto finance.

Facing regulatory evolution, notably the GENIUS Act signed by Trump, Tether plays the card of indirect compliance and pragmatism. It stays out of the European scope but imposes its transparency standards, to the point of being recognized for financial solidity.

In this context, USDT’s dominance extends:

• 61.7% stablecoin market share according to DeFiLlama;
• 157 billion USDT issued to date;
• $162.6 billion in assets versus $157.1 billion in liabilities;
• $5.7 billion profits in six months;
• $127 billion in US Treasuries.

Tether has built its reputation on one thing: trust. In an industry where promises often outweigh results, Tether prefers to show its proof. Its treasury, now public, surpasses 100,000 bitcoins and 50 tons of gold. A declaration of power as much as a tangible shield. One thing is clear: in the crypto arena, Tether is not just a company – it is a pillar.