The issuer of USDT reported billions in profit and record reserves

According to the updated data, Tether revealed that in 2025 its net profit amounted to about 10.1 billion dollars, which is 23% less than the record 13 billion dollars a year earlier, but still leaves the company among the most profitable players in the financial sector.

Specific figures for profit and reserves

• In 2025, Tether reported a net profit of more than 10 billion dollars; some reports give a specific estimate of about 10.09 billion dollars.

• For comparison, in 2024 the company recorded a record profit of approximately 13 billion dollars, so the result of 2025 was lower by approximately 2.9 billion dollars or about 23-30% depending on the calculation method.

• Tether's excess reserves (capital above obligations for issued tokens) reached about 6.3 billion dollars by the end of 2025 with assets of approximately 192.8 billion and liabilities of about 186.5 billion.

Comparison with previous years

• Despite the drop in profit relative to the peak year of 2024, the 2025 figure remains above the 10 billion dollar mark and is comparable or higher than the results of major traditional banks in terms of return on capital.

• In 2024, record quarters were also recorded: for example, in the 2nd quarter of 2025, net profit reached 4.9 billion dollars, which is comparable to the best quarters of 2024.

• At the same time, Tether significantly increased its investments in US Treasury bonds: the total exposure to Treasuries is estimated at more than 120-140 billion dollars, making the company one of the largest private holders of US government debt.

How these figures fit into the market picture

• Against the backdrop of record profits, the volume of USDT in circulation updated its maximum, exceeding 180-186 billion tokens, while the issue for the year increased by about 50 billion.

• High profitability with a large volume of excess reserves strengthens Tether's argument about financial stability, but at the same time raises questions about the systemic significance of the company and potential risks in the event of changes in interest rates or regulatory pressure.

Nevertheless, for the stablecoin industry and more broadly - for the crypto market as a whole - the disclosure of net profit on such a scale consolidates Tether's status as one of the most profitable and influential players. High profitability, growing excess reserves and the dominant share of USDT in exchange turnovers make the company a key beneficiary of the current market configuration. How responsibly Tether will manage these resources and interact with regulators largely depends on the stability of the entire ecosystem of dollar stablecoins.

Against the backdrop of such figures, Tether remains one of the key tools for settlements and liquidity storage in crypto, and USDT has effectively become the "base currency" of the market. If you want to use this potential in your strategy - exchange USDT at BTCworm.net!