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

Tether reported a significant profit of $10 billion for the first three quarters of 2025, positioning it alongside major Wall Street players. These profits stem mainly from returns on $135 billion in U.S. Treasury securities that back its USDT stablecoin. Tether's earnings surpass Bank of America's $8.9 billion and are close to Morgan Stanley and Goldman Sachs, which reported $12.4 billion and $12.56 billion in net income, respectively. While Tether's fiscal performance is notable compared to smaller banks like U.S. Bank, which earned $5.5 billion this year, it still lags behind JP Morgan's $44 billion in net income. Tether's circulating supply of USDT has grown to over $184 billion, with over 500 million users worldwide. Tether plans to launch a U.S.-compliant stablecoin by the end of the year, expanding its influence in the U.S. market while continuing to dominate emerging markets.

Source 🔗