Overview
- Tether recorded a net profit of $4.9 billion in Q2 2025, bringing its year-to-date earnings to $5.7 billion.
- Its exposure to U.S. Treasuries climbed to over $127 billion, making it one of the largest non-sovereign holders of government debt.
- The company minted more than $20 billion of USDT since the start of 2025, pushing total circulation beyond $157 billion with full asset backing.
- Roughly $4 billion was deployed into U.S. ventures such as XXI Capital and Rumble as part of its strategic reinvestment plan.
- Tether faces two unresolved legal cases in New York, including a class-action suit and litigation tied to the Celsius bankruptcy, which could create future liabilities.