Tether has announced a net profit exceeding $10 billion for the first nine months of 2025. The company also revealed its reserves, which include $22.8 billion in combined gold and Bitcoin holdings. These disclosures reinforce Tether's financial strength and its significant position as a major holder of U.S. Treasuries and digital assets.
This financial update underscores Tether's robust standing in the market, which is expected to enhance confidence among investors and stakeholders. The company's influential role within the cryptocurrency landscape is further solidified by these revelations.
Tether's Financial Disclosures and Reserve Composition
Tether International S.A. de C.V. has disclosed a significant profit and substantial reserves. As affirmed by BDO's attestation, these holdings include $135 billion in U.S. Treasuries, $9.9 billion in Bitcoin, and $12.9 billion in gold. A buffer of $6.8 billion was also noted at the end of Q3 2025.
"At the end of Q3 2025, Tether’s assets backing USD₮ included $135 billion in US Treasuries, $9.9B bitcoin, $12.9B gold, and a $6.8B buffer."
Under the leadership of CEO Jean-Louis van der Velde and CTO Paolo Ardoino, Tether issued $17 billion in new USDT during Q3 2025. This issuance played a key role in the growth of its circulating supply and reinforces its market dominance by enhancing liquidity.
The expansion of USDT circulation significantly amplifies Tether's impact across the crypto ecosystem. Its influence extends to major decentralized finance (DeFi) protocols and centralized exchanges, where Tether is a critical component for liquidity. It actively supports BTC and ETH liquidity pools and is fundamental to various stablecoin trading pairs.
These developments are instrumental in bolstering Tether's institutional reputation, particularly as the company pursues new funding opportunities and applies for investment licenses. Ongoing audits by BDO are expected to lead to increased transparency, thereby improving Tether's standing and trust among institutional investors.
Looking ahead, potential financial outcomes include continued growth in the adoption and usage of USDT. This trajectory is likely to influence cryptocurrency trading dynamics and overall market liquidity. Tether's strategic approach to reserve composition and its commitment to transparency initiatives echo the successful strategies employed by other stablecoin competitors, ultimately aiming to foster greater trust and market engagement.