Tether Reports $10 Billion Profit in 2025 So Far—Here's How That Compares to the Big Banks

Tether has announced a profit of $10 billion for the first three quarters of 2025, surpassing major banks like Bank of America, which reported $8.9 billion in profit, and nearing the earnings of Morgan Stanley and Goldman Sachs. The profits stem from returns on Tether's $135 billion U.S. Treasury reserves, which now positions it similarly to leading financial institutions. Tether's net income is a significant increase from last year's $13 billion and places it behind only JP Morgan's $44 billion in net income for 2025. Tether, now headquartered in El Salvador, continues to expand its presence and plans to launch a U.S.-compliant stablecoin, USAT, by the end of the year. Despite its impressive earnings, Tether still trails behind the largest holders of U.S. Treasuries, such as Japan. Tether's CEO emphasized the success of USDT in enhancing financial inclusion globally, boasting over 500 million users in emerging markets.

Source 🔗