Tether's Bitcoin Holdings Reach Nearly $10B as Profits Surpass $10B
Tether, the issuer of the largest stablecoin, reported net profits exceeding $10 billion as of the third quarter of 2025. The company announced a significant increase in its Bitcoin holdings, which now total approximately $9.9 billion, alongside $12.9 billion in gold. The firm experienced a $17 billion growth in circulating USDT, bringing its market cap to $174 billion. Tether's CEO, Paolo Ardoino, highlighted that their exposure to U.S. Treasuries reached an all-time high of $135 billion, making them the 17th largest holder of U.S. debt. The company also initiated a share buyback program aimed at institutional investors and applied for an investment fund license in El Salvador, where it is headquartered. Tether plans to launch a new stablecoin, USAT, targeted at the U.S. market, and is exploring additional investments to enhance token distribution. This growth comes as the stablecoin market expands globally, with Tether playing a central role in the industry.
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