Tether releases financial report for the first three quarters, net profit surpasses $10 billions

Foresight News reported that Tether Attestatio released its financial report for the first three quarters of 2025. As of the end of the third quarter of 2025, the company's net profit since the beginning of the year has exceeded $10 billions. According to the report prepared by BDO, as of September 30, 2025, Tether had more than 500 million global users and held $6.8 billions in excess reserves as a financial buffer. Over $17 billions worth of new USDT was issued this year, bringing the total USDT in circulation to over $174 billions. Tether's total exposure to U.S. Treasury bonds (direct and indirect) reached a record high of approximately $135 billions, making it one of the world's largest holders of U.S. government debt and ranking 17th among countries, surpassing South Korea. In addition, Tether holds gold and bitcoin reserves of $12.9 billions and $9.9 billions respectively, accounting for about 13% of total reserves. The financial report shows that the company's total liabilities are $174.445 billions, of which $174.357 billions are related to issued digital tokens. As of the end of the third quarter, Tether's assets exceeded its liabilities by $6.778 billions.