• Tether confirmed $4.9 billion in earnings and $2.6 billion in earnings from Bitcoin and gold reserves in its newest proof.
• USDT’s market capitalization reaches $16.375 billion, and it stays dominated as USDC, USDE and Dai present varied progress paths.
• The Stablecoin market surpassed $250 billion, reflecting elevated adoption, regulatory oversight and an evolving asset backing mannequin.

Tether introduced its 2025 quarter 2025 certification on July 31, revealing a big improve in US Treasury publicity and billions of {dollars} in earnings.

Tether owns US Treasury Division

The proof confirmed that Tether’s complete property reached $1625.7 billion in opposition to $157.1 billion in liabilities, leading to an extra of $5.47 billion in reserves.

An necessary spotlight is the corporate’s publicity to the US Treasury Division. This rose to $127 billion, a rise of $8 billion from the final quarter. This determine is held not directly of $100.5 billion and not directly of $21.3 billion, which is globally among the many largest holders of US authorities debt.

Document your investments and earnings from property

Tether recorded a internet revenue of $4.9 billion within the second quarter, bringing its six-month complete to $5.7 billion. Of this, $3.1 billion got here from repeated revenues, however $2.6 billion got here from earnings to the market from Bitcoin and Gold Holding Mark. Earlier experiences confirmed that the tethers maintain greater than 100,000 BTC and greater than 50 tons of gold.

Throughout the quarter, USDT round provide elevated by $13.4 billion, bringing annual issuance to $20 billion and complete provide to $157 billion. This improve occurred in parallel with a rise in using USDT in additional than 150 nations with restricted entry to conventional banks.

The most recent report maintains shareholders’ fairness of $5.47 billion. This serves as a cushion in opposition to market shocks. Be aware that within the first quarter of 2025, Tether disclosed its $1 billion in working revenue and $5 billion in extra reserves, highlighting its inventory buffer.

Strategic Funding and the Position of Markets

A portion of Tether’s earnings have been reinvested in infrastructure and expertise, together with synthetic intelligence and renewable vitality initiatives. The corporate has additionally allotted about $4 billion this yr to its US-based initiative.

Tether CEO Paolo Ardoino highlighted the corporate’s function in offering greenback liquidity by means of USDT whereas regulators proceed to develop the Stablecoin framework.

USDT dominates the Stablecoin market

USDT continues to guide the broader Stablecoin market, which surpassed $250 billion in mid-2025. Tether’s proof reported a complete legal responsibility of $157 billion, whereas CoinMarketCap information highlights its benefit by bringing USDT’s market capitalization to $163.75 billion (see chart).

As compared, USDC continues at $64.08 billion, sustaining its standing as a compliant, Fiat-assisted various, supported by regulated entities.

Ethena’s artificial USDE has grown to $8.5 billion, reflecting demand for yield-driven merchandise regardless of excessive publicity to danger. Absolutely encrypted and chained Dai is $5.36 billion, persevering with its decentralized area of interest.

World Liberty Monetary’s USD1, which is linked to political and home monetary initiatives, holds $2.17 billion. First Digital USD (FDUSD) has $1.44 billion, whereas PayPal USD (PYUSD) has $959.8 million, specializing in fee integration.