Tether reports over $10B profit in 2025, record USDT supply, rising Treasury exposure, excess reserves growth, and expanding global digital dollar demand.
Tether reported net profits exceeding $10 billion in 2025, confirming another landmark financial year. Moreover, record USDT issuing and reserve growth solidified its dominance across digital market and payment networks around the world.
Tether Delivers Record Profits and Balance Sheet Growth in 2025
According to its current attestation by BDO, Tether affirmed the accuracy of Tether’s Financial Figures and Reserves Report. As a result of this disclosure, a thorough picture of assets that back USDT up to December 31, 2025, was provided.
Notably, excess reserves reached $6.3 billion, which reinforces financial resiliency and liquidity strength. Meanwhile, well-disciplined reserve management promoted growth across U.S. Treasuries, digital assets, and proprietary investment entities.
Related Reading: Tether Launches USAT Stablecoin Issued by Federally Chartered U.S. Bank | Live Bitcoin News
During 2025, Tether minted almost $50 billion of new USDT, which was the second largest increase in the annual issuance. Consequently, the momentum switched dramatically to the second half amidst an increase in the demand for dollar liquidity.
Approximately $30 billion USDT was brought into circulation after the midyear, through payments, trading, and use in emerging markets. Therefore, the total supply of USDT exceeded $186 billion, with an all-time high of circulation.
At the same time, total reserve assets rose to almost $193 billion, and they consistently surpassed liabilities. Importantly, this expansion was one of the fastest phases of annual growth for dollar-denominated instruments anywhere in the world.
Tether also reported that its digital dollar ecosystem has more than 530 million users worldwide. Thus, network effects continued to reinforce the adoption for financial and commercial applications.
Treasury Exposure and Strategic Outlook Strengthen Tether’s 2026 Position
Tether’s exposure to U.S. Treasuries increased to historic levels throughout 2025, indicating an ongoing move toward low-risk assets. By the end of the year, direct holdings of Treasury were over $122 billion, the highest recorded level for the company.
In addition to that, total direct and indirect Treasury exposure exceeded $141 billion, including an overnight reverse repurchase agreement. As a result, Tether became one of the largest holders of US government debt in the world.
Management revealed total assets for $192,877,729,144 as of December 31, 2025. Meanwhile, total liabilities went up to $186,539,895,593, $186,450,610,920 of which is related to issued digital tokens.
Separately, investments made privately were still not included in reserves for the circulation of USDT. These investments cover the sectors of AI, energy, fintech, media, agriculture, land, and digital asset treasury companies.
As of Q4 2025, this diversified portfolio is worth more than $20 billion, all financed with excess capital and profits. Therefore, the reserve backing of USDT was kept fully segregated and transparent.
CEO Paolo Ardoino said growth was the result of structural changes outside of traditional banking rails. He stressed increased dollar demand in areas of the world with fragmented financial systems or inaccessible systems.
Moving forward, Tether’s liabilities are outnumbered by billions of dollars in reserves as it enters 2026. Furthermore, there were plans in late 2025 to launch USAT, a regulated stablecoin for U.S. institutions.
As a result of robust risk management and liquidity buffers, Tether continues to serve as a foundational pillar of global digital liquidity.
Source: https://www.livebitcoinnews.com/tether-posts-over-10b-profit-in-2025-as-usdt-supply-hits-record-high/
