Tether posts $4.9b Q2 profit, expands USDT supply by $20b in 2025

Tether’s profit in the second quarter of the year hit $4.9 billion, with the company’s total USDT issued for the period reaching $20 billion.

Tether revealed the financial figures as part of its Q2 2025 attestation by accounting firm BDO. 

In the report, which offers a detailed account of Tether (USDT) and its asset reserves, notes that as of June 30, 2025, the stablecoin issuer hit net profit of approximately $4.9 billion over the quarter, with this pushing profit for the first six months of 2025 to $5.7 billion. 

Tether’s year-to-date recurrent profits stood at $3.1 billion, excluding mark-to-market profit generated from its gold and Bitcoin (BTC). Together, the precious metal and benchmark digital asset added $2.6 billion, BDO noted in the attestation.

USDT issued reached $20 billion

Per the highlights of the report, Tether witnessed significant global expansion during Q2, 2025, with the company issuing $13.4 billion USDT. The move saw the leading stablecoin by market capitalization hit a circulating supply over $157 billion, implying a $20 billion increase year-to-date.  

“Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in U.S. Treasury exposure, robust bitcoin and gold reserves, and over $20 billion in new USDT issued, we’re not just keeping pace with global demand, we’re shaping it,” Paolo Ardoino, chief executive officer of Tether, said in a statement.

Tether’s profits and expansion, which includes efforts in Latin America and Africa, come as regulatory shifts buoy adoption.

Investments include in areas of communications, renewable energy and artificial intelligence. Earlier this month, Tether CEO Paolo Ardoino said the company had invested in over 120 platforms and projects. Meanwhile, one milstone in crypto regulation recently saw U.S. regulators pass GENIUS Act, a key stablecoin legislation that President Donald Trump signed into law.

“As regulators formalize frameworks for digital dollars, Tether stands as a live, proven model of what stablecoin innovation can achieve: transparency, resilience, and massive global reach. USD₮ is helping billions access the stability of the U.S. dollar,  and that mission has never been more urgent or more relevant,” Ardoino added.

Tether also recorded an increase in its U.S. Treasuries holdings, with the company holding more than $127 billion at the end of the quarter. In Q1 2025, Tether held about $119 billion in U.S. Treasuries, and the increase makes the stablecoin giant one of the largest holders of U.S. government debt.