Tether Q2 Profit Surges 277% to $4.9 Billion Driven by USDT Demand and Treasury Investments

Tether, the issuer of the world's largest stablecoin, USDT, reported a staggering 277% year-over-year profit increase in the second quarter of 2025, earning $4.9 billion. This surge was driven by consistent demand for USDT and Tether’s strategic investment in U.S. Treasury bonds. Total revenue for the first half of 2025 reached $5.7 billion, reflecting a 9.6% rise compared to the same period in 2024 [1].

By June 2025, Tether’s total assets amounted to $162.6 billion, with liabilities standing at $157.1 billion, primarily from token issuance. The company has significantly increased its holdings in U.S. Treasury bonds to $127 billion, securing its position as the 18th-largest global holder of U.S. debt, surpassing South Korea. This move highlights Tether’s growing influence in traditional financial markets [1].

USDT continues to lead the stablecoin market, controlling 61.7% of the total market value, with a capitalization of $164.5 billion. Tether’s leadership is reinforced by regulatory developments such as the GENIUS Act passed in mid-2025, which aims to strengthen the U.S. dollar’s position in the digital asset space [1].

Meanwhile, competition is intensifying. Circle, the issuer of USDC, saw its share price rise from $31 to $186.8 in under two months following its successful IPO in June 2025. In Europe, the lack of harmonized stablecoin regulations has raised concerns, prompting firms like Deutsche Bank, Galaxy, and Flow Traders to launch a euro-backed stablecoin on the Ethereum blockchain [1].

Tether’s financial performance and strategic initiatives underscore its strengthening role in both cryptocurrency and traditional financial ecosystems. As stablecoin innovation and regulation evolve globally, Tether remains a key player shaping the future of digital money.

Source: [1] Tether Reports 277% Profit Growth in Q2 2025, Strengthens Market Position (https://coinmarketcap.com/community/articles/688cd53974a84a6cd5f01ef6/)