Tether , the issuer of the world’s largest stablecoin, mentioned on Friday its internet earnings surpassed $10 billion for this yr as its flagship token swelled to a $174 billion market cap within the third quarter of 2025.
In keeping with the agency’s newest attestation signed by accounting agency BDO Italy, the corporate ended the quarter with $6.8 billion in extra reserves, sustaining a buffer over its $174.4 billion in liabilities tied to USDT.
“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,” CEO Paolo Ardoino mentioned in an announcement.
The corporate additionally held $12.9 billion in gold and $9.9 billion in bitcoin , per the attestation.
Tether additionally introduced the initiation a share buyback program, with “potential participation by institutional traders taken with a personal placement.” Bloomberg reported earlier that Tether was seeking to increase as much as $20 billion, with Ark Make investments, SoftBank being amongst companies within the spherical.
Tether added it has utilized for an funding fund license in El Salvador, the place the corporate is headquartered. It additionally confirmed that it settled litigation with bankrupt crypto lender Celsius in October utilizing its personal capital, not from reserves backing issued tokens.
The report comes as stablecoins are quickly rising globally, with Tether on the middle because the issuer of the biggest digital greenback available on the market. The circulating provide of USDT crossed $174 billion by the top of September, increasing by $17 billion within the third quarter.
The crypto agency is gearing in direction of rolling out a brand new stablecoin dubbed USAT later this yr, centered on the U.S. market and issued with crypto financial institution Anchorage Digital. The corporate additionally eyes two-three investments to spice up the token’s distribution, much like Tether’s stake in video sharing platform Rumble the place the tokens shall be used for tipping creators, Ardoino mentioned in an interview with CoinDesk in Lugano, Switzerland.
Learn extra: Tether Eyes Recent Investments to Push USAT Stablecoin to 100M People at December Launch