Radhika Parashar
- Tether held over $162 billion in its reserves as Q2 for the year wrapped up in June
- Its gains between January and June have totaled to $5.7 billion
- Tether said that the Trump-approved GENIUS Act has improved the position of stablecoins
Tether has reported a profit of $4.9 billion in the second quarter of 2025. The USDT-issuer has shared that it held over $162 billion in its reserves against $157.1 billion in liabilities around the end of June. Announcing its quarterly results on Thursday, July 31 — Tether credited the evolving crypto regulations in the U.S. as a major driver of its growth over the last three months.
Key highlights from Tether’s Q2 results
Tether, in its official statement, claimed that it is now among the largest holders of U.S. government debt globally with a total exceeding $127 billion.
“Total exposure to U.S. Treasuries – including $105.5 billion in direct holdings and $21.3 billion owned indirectly – exceeded $127 billion (~$8 billion increase compared to Q1 2025) at the end of Q2 2025,” it said.
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The El Salvador-headquartered crypto firm noted that considering its Q2 profit, its gains between January and June have totaled to $5.7 billion.
“Year-to-date, Tether International Limited (TIL) generated $3.1 billion in recurrent profits, excluding mark-to-market contributions from gold and bitcoin, which added another $2.6 billion,” the stablecoin player highlighted.
Additionally, it shared that the shareholder capital under Tether’s management remained stable between Q1 and Q2 at roughly $5.47 billion.
Tether had onboarded accounting firm BDO to attest its treasuries. Data by BDO showed that Tether’s treasury held $143.7 billion against liabilities worth $136.6 billion in the fourth quarter of 2024 that culminated in December. In the first quarter of this year, meanwhile, the company had clocked merely $1 billion in profits, reportedly having logged an 83 percent decline from the gains reaped in during Q4 2024.
In its announcement post, Tether said that the Trump-approved GENIUS Act has improved the position of stablecoins in the market and solidified the dollar dominance in a digital form.
Tether’s growing clout
Tether controls the USD-pegged USDT stablecoin, which is touted as the largest in the market with a present market cap of $163.74 billion, CoinMarketCap shows.
Earlier this month, Tether CEO Paolo Ardoino revealed that Tether has stealthily been maintaining a private Swiss vault, with a holding of 80 metric tons of gold worth a whopping $8 billion .
It also recently struck a partnership with agro-industrial company Adecoagro to explore green BTC mining operations.
