Tether's Bitcoin Holdings Rise to Nearly $10B as Profits Exceed $10B

Tether, the issuer of the largest stablecoin, reported that its net profits in 2025 have surpassed $10 billion as of the third quarter. The company's flagship token, USDT, saw growth, achieving a market cap of $174 billion, with a $17 billion increase in circulating supply during the quarter. Tether's holdings now include $9.9 billion in Bitcoin and $12.9 billion in gold, alongside a record $135 billion in U.S. Treasuries, positioning Tether as the 17th largest holder of U.S. debt. Additionally, Tether announced the launch of a share buyback program aimed at attracting institutional investors and is seeking an investment fund license in El Salvador, where it is headquartered. Furthermore, Tether plans to introduce a new stablecoin, USAT, focused on the U.S. market, in partnership with Anchorage Digital. This expansion is indicative of the growing global demand for stablecoins, and Tether remains a key player in this evolving landscape.

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