Tether's Bitcoin Holdings Approach $10B Amid Record Profits

Tether, the issuer of the world's largest stablecoin, has reported net profits exceeding $10 billion for 2025 as of the third quarter. The company disclosed its significant growth, with the market cap of its flagship token, USDT, reaching $174 billion. Tether's holdings include $12.9 billion in gold and $9.9 billion in Bitcoin, alongside a record $135 billion exposure to U.S. Treasuries, making it the 17th largest holder of U.S. debt. Additionally, Tether has initiated a share buyback program and applied for an investment fund license in El Salvador. Tether's USDT circulating supply has grown by $17 billion this quarter, with plans to launch a new stablecoin, USAT, focused on the U.S. market. Amidst the overall growth of stablecoins, Tether remains a central player in the digital dollar landscape.

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