In a surprising turn of events, Tether reports an extraordinary net profit close to $10 billion for the initial nine months of 2025. This achievement is authenticated by an independent auditor’s report, highlighting Tether’s significant financial position on a global scale. The report also showcases the company’s strong reserve structure, providing a substantial liquidity buffer. This reinforces Tether’s standing as a prominent player in the stablecoin sector.
What Does Tether’s Financial Health Reveal?
As detailed in the audit, Tether’s token-backed reserve amounted to $181.2 billion by the third quarter of 2025. With liabilities reaching $174.4 billion, this results in a liquidity cushion of around $6.8 billion. This financial stability underscores Tether’s resilience against global economic shifts.
“Despite challenging macroeconomic conditions globally, Tether enjoys a foundation of trust and strength,” stated Paolo Ardoino, Tether’s CEO.
How is the Competition Responding?
While Tether maintains its stronghold, Circle Internet Group holds the second position in the stablecoin market with a supply of around $60 billion. Although Circle gained traction after going public in June 2025, Tether prefers to remain privately held, focusing on strategic infrastructure optimization. Recently, it discontinued USDT support on five older blockchain platforms to better allocate resources.
Looking ahead, experts predict Tether might achieve a profit of approximately $15 billion for the entire year, reinforcing its growth trajectory. Such financial performance highlights the substantial opportunities within the stablecoin market.
Tether’s approach illustrates several key aspects:
- $6.8 billion liquidity buffer showcasing robust reserve management.
- Significant investments in U.S. government bonds totaling $135 billion.
- Expansion of the USDT supply by over $17 billion this year.
The implications of Tether’s impressive financial performance and strategic maneuvers are profound. However, with great power comes the need for transparency, especially in a rapidly evolving regulatory climate. Continuous monitoring of Tether’s decisions and market movements will remain crucial as it navigates the competitive terrain of the cryptocurrency industry.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.














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