Tether, the world’s largest stablecoin issuer, reported net profits of over $10 billion in 2025. $USDT According to the certification report for the fourth quarter of 2025, circulation exceeded $186 billion by the end of the year.
Total reserves increased to nearly $193 billion and continued to exceed debt, with excess reserves reaching $6.3 billion.
New investment amount is nearly $50 billion $USDT was issued during 2025, with around $30 billion minted in the second half of the year alone as demand surged across payments, trading and emerging markets.
Tether’s exposure to U.S. Treasuries has reached a new record, with direct holdings exceeding $122 billion and total exposure to U.S. Treasuries exceeding $141 billion. Those numbers make the company one of the world’s largest holders of U.S. government debt.
The company’s gold division expanded rapidly as bullion prices reached record highs. Tether Gold (XAUT) had a market capitalization of over $2 billion and accounted for more than half of all gold-backed tokens in circulation.
CEO Paolo Ardoino said: $USDTIts growth reflects the growing global demand for dollars outside of the traditional banking system, adding that its network effects and parabolic growth have made USD₮ the most widely adopted financial social network in history.
