Tether Reports $10B Profit and $141B in U.S. Treasury Holdings

Tether's 2025 attestation shows the company generated more than $10 billion in net profits, maintained $6.3 billion in excess reserves, and reported direct and indirect U.S. Treasury exposure of roughly $141 billion. The report also said USDT circulation rose to about $186 billion following nearly $50 billion of new issuance, underscoring substantial growth in the stablecoin's supply ^[1][4][6][5].

Coverage of the attestation noted variations in the figures: Cointelegraph highlighted U.S. Treasury holdings surpassing $122 billion and reported that Tether's profits fell about 23% year‑on‑year, while other outlets framed the results as record Treasury holdings alongside a dip in profitability versus prior periods ^[2][3][4].

Tether also reported substantial tokenized gold holdings; Coindesk reported tokenized gold surpassed $17 billion as part of the company's broader reserve mix ^[5].

Tether's 2025 attestation presents record asset accumulation and over $10 billion in profit while drawing attention to its large U.S. Treasury exposure and differing media reports on specific figures ^[1][5][2].