Bitcoin News Today: Tether Posts $4.9 Billion Q2 Profit Amid U.S. Regulatory Shifts

Tether reported a net profit of $4.9 billion in the second quarter of 2025, signaling strong financial performance amid evolving regulatory landscapes in the U.S. [1]. The El Salvador-based stablecoin issuer also announced plans for a U.S.-specific venture, with CEO Paolo Ardoino expressing intentions to build a “best-in-class product suite” tailored for the American market. This development follows the passage of the GENIUS Act, a key piece of U.S. crypto legislation that offers a regulatory framework for dollar-pegged tokens like Tether and Circle’s USD Coin [1].

Tether’s attestation detailed that the firm generated $5.7 billion in revenue during the first half of 2025, a 9.6% increase compared to the same period in 2024 [1]. The company disclosed $127 billion in exposure to U.S. Treasuries, placing it among the largest holders of U.S. debt—on par with Saudi Arabia’s holdings in May 2025 according to U.S. Treasury Department data [1]. Tether’s reserves are composed of $105 billion in U.S. Treasuries, $8.9 billion in Bitcoin, and $8.7 billion in precious metals [1]. This diversified backing reflects a strategic approach to maintaining stablecoin collateralization while managing liquidity risks.

Tether has also been expanding its investment portfolio, including allocations to companies such as Twenty One Capital, Rumble, and Adecoagro. Earlier this week, Twenty One Capital received 5,800 Bitcoin from Tether, bringing its total holdings to 43,500 Bitcoin—valued at approximately $5.2 billion and making it the world’s third-largest Bitcoin treasury firm [1]. The firm’s growing involvement in long-term asset management and treasury diversification highlights a broader shift in its financial strategy.

Tether’s market capitalization remains the largest among major stablecoins, with a value of approximately $163 billion as of July 24, 2025, significantly outpacing the $64 billion market cap of its primary competitor, Circle [1]. The firm’s ability to maintain a leading position is supported by its growing revenue, reserve holdings, and strategic investments.

Despite these achievements, Tether faces scrutiny over its compliance with U.S. regulations. In February 2025, JPMorgan analysts speculated that Tether might need to sell Bitcoin to meet the reserve requirements outlined in the new legal framework [1]. CEO Ardoino, however, dismissed such speculation, calling the analysts “salty” and expressing confidence in the firm’s ability to adapt without compromising its asset strategy.

In its attestation, Tether emphasized that its reserves composition exemplifies how private innovation can align with public monetary goals, serving as a conduit for secure, onchain access to U.S. dollar liquidity at scale [1]. This statement underscores the firm’s ambitions to scale operations while adhering to regulatory expectations and maintaining financial stability.

Sources:

[1] Tether Reports Q2 Profit of $4.9 Billion, CEO Teases U.S. Venture — Decrypt (https://decrypt.co/332994/tether-reports-q2-profit-of-4-9-billion-ceo-teases-u-s-venture/)