According to a quarterly certification report released on July 31, Tether has minted more than $20 billion in USDT since its launch in 2025, driving total distribution of over $157 billion.
The company noted that over $13.4 billion in USDT was issued in the second quarter alone, reflecting strong demand for dollar-covered tokens across the global market.
Tether emphasized that its reserve assets fully support all tokens in the circulation.
As of the end of the second quarter of 2025, the company had an exposure to the US Treasury of more than $127 billion. This includes the direct Treasury holdings of $105.5 billion and indirectly $21.3 billion, an increase of $8 billion from the previous quarter.
With this level of exposure, Tether is one of the largest non-sovereign holders of US government debt.
Speaking about these milestones, Tether CEO Paolo Aldoino said:
“The second quarter of 2025 confirms what the market is saying all year round. Trust in Tether is accelerating. Not only is its US Treasury exposure, robust Bitcoin, gold reserves over $127 billion and new USDTs issued over $20 billion, it’s not only maintaining global demand, but it’s shaping.”
Tether profits and US investment
Tether reported net profit of approximately $4.9 billion in the second quarter of 2025, totaling $5.7 billion in the previous year.
Of this, $3.1 billion was born from repeated operational revenues, while $2.6 billion was generated from profits to the market from gold and Bitcoin Holdings marks.
Meanwhile, Tether said its shareholders’ equity remains stable at $5.47 billion. This equity highlights Tether’s commitment to cushioning against unexpected market shocks and financial resilience.
As a result, Stablecoin’s company began directing a large portion of its profits towards long-term initiatives.
Over the past six months, the company has invested heavily in infrastructure projects, with the US emerging as a major market.
According to the company, approximately $4 billion has already been deployed domestically in ventures such as XXI Capital and Rumble, including the development of Rumble Wallet.
Legal issues
Despite its financial strength, the company faces two unsolved legal cases in New York.
The company said one of the cases was a class action lawsuit linked to the slump in the Bitcoin market from 2017 to 2018. The other involves a lawsuit related to the bankruptcy of crypto lender celsius.
In both cases, Tether International has been appointed as a defendant, but the company’s management said it still cannot assess potential outcomes with certainty.
Therefore, no provisions have been made in the finances for these cases.
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