Tether Reviews Over $10 Billion in Q1–Q3 2025 Earnings as U.S. Treasuries Holdings and USD₮ Circulation Hit Report Highs

Tether Worldwide S.A. de C.V. launched its third-quarter 2025 attestation report, ready by accounting agency BDO. 

The report verified the corporate’s monetary and reserve knowledge, outlining the belongings backing its USD₮ stablecoin as of September thirtieth, 2025.

Based on the attestation, Tether’s year-to-date web revenue exceeded $10 billion. 

The corporate said that it continues to put money into growing its digital greenback ecosystem, which it studies serves greater than 500 million customers worldwide. 

Tether mentioned it is usually pursuing initiatives in sectors similar to synthetic intelligence, renewable power, and peer-to-peer communications, and that it maintains $6.8 billion in extra reserves.

Throughout the third quarter, the corporate issued over $17 billion in new USD₮, bringing whole circulation above $174 billion. 

Tether’s whole publicity to U.S. Treasuries, each direct and oblique, had been reported at a document $135 billion, which it mentioned locations the corporate among the many prime 20 holders of U.S. authorities debt globally.

The report additionally listed treasured metals and Bitcoin reserves valued at $12.9 billion and $9.9 billion, respectively, representing about 13% of whole reserves. Tether described these holdings as a part of its diversification technique.

In October, Tether introduced the completion of a settlement in its litigation with Celsius, noting that the settlement was funded via its funding capital and didn’t have an effect on reserves backing USD₮ in circulation. 

The corporate additionally reported making use of for an Funding Fund License in El Salvador beneath the nation’s Personal Different Funding Fund legislation.

Moreover, Tether mentioned it launched a share buyback program geared toward institutional buyers and maintains proprietary fairness approaching $30 billion, alongside a multi-billion-dollar reserve buffer.

As of September thirtieth, 2025, Tether reported the next figures:

• Whole reserves: $181.2 billion
• Whole liabilities: $174.4 billion, together with $174.3 billion in issued digital tokens
• Extra reserves: $6.78 billion

The corporate said that its proprietary investments in sectors similar to AI, power, and communications infrastructure are separate from the reserves backing issued tokens.

“Q3 2025 outcomes mirror the continued belief and energy behind Tether, even amid a world difficult macroeconomic surroundings, reinforcing Tether’s model because the ‘Steady Firm,’” mentioned Paolo Ardoino, CEO of Tether. 

“Traders and customers alike proceed to show to USD₮ as essentially the most dependable and liquid digital greenback, proving the enduring confidence in Tether’s mannequin. With its all-time excessive publicity to U.S. Treasuries, now amounting to $135 billion, it positions our firm because the seventeenth largest holder of U.S. debt. Tether stands as a pillar of stability within the monetary and tech ecosystem. Our constant development and self-discipline present that Tether is just not solely assembly international demand but in addition serving to reinforce confidence within the broader digital financial system.”