Tether made over $10 billion last year, with excess reserves of $6.3 billion

2026-02-02 19:52:01

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The world’s largest stablecoin issuer, Tether, has once again delivered an impressive performance. According to the latest annual attestation report issued by independent accounting firm BDO, Tether’s net profit in 2025 exceeded $10 billion. Although slightly down from the record $13 billion in 2024, its profitability still far surpasses most other cryptocurrency companies.

In addition to its remarkable profitability, Tether’s business scale last year also reached a historic second-highest level, with over $50 billion in new USDT issued throughout the year. Tether stated in its announcement that through rigorous reserve management and precise positioning in U.S. Treasuries, digital assets, and strategic investments, the company has maintained a very solid financial performance while promoting the digital dollar ecosystem.

Currently, the total USDT in circulation worldwide has exceeded $186 billion, setting a new record, with total assets reaching $193 billion, which means Tether has approximately $6.3 billion in “excess reserves.”

Notably, among Tether’s reserve assets, $122 billion are U.S. government bonds, surpassing the size of many sovereign nations.

Additionally, Tether also holds about 140 tons of gold as a hedge against inflation, which also serves as reserve assets for its gold stablecoin XAUT.

Led by CEO Paolo Ardoino, Tether has evolved from merely a stablecoin issuer into a tech giant spanning multiple fields. Using its substantial profits, Tether actively invests in Bitcoin mining, peer-to-peer (P2P) encrypted communications, and decentralized AI.

XAUT-2.77%

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