Tether Reports Over $10 Billion Profit for 2025 as Reserves Hit $192.8 Billion
Tether reported over $10 billion in net profit for 2025, based on figures disclosed by CEO Paolo Ardoino and the Q4 2025 attestation. Total reserves reached $192.8 billion backing a record $186 billion USDT supply.
Tether posts $10 billion profit in 2025
Tether recorded net profits exceeding $10 billion during 2025. The stablecoin issuer released these figures through CEO Paolo Ardoino on 29 January 2026. BDO, an independent accounting firm, attested the Q4 2025 results.
Reserves reach $192.8 billion record
Tether held $192.8 billion in total assets at end of Q4 2025. This amount backed $186 billion in USDT, a stablecoin pegged to the US dollar, at the same date. Excess reserves reached $6.3 billion at end of Q4 2025, above 100% reserves in liquid assets.
"192.8B total assets/reserves, end of Q4 2025.", 29 January 2026. — Paolo Ardoino, CEO, Tether
Treasury holdings hit $141 billion
Tether reported $141 billion in US Treasury exposure, including direct and indirect holdings, at end of Q4 2025. US Treasuries are debt securities issued by the United States government. USDT supply grew by $50 billion during 2025, reaching $186 billion in circulation by year end.
Profits drop from 2024 peak
Tether earned $13 billion in 2024. The 2025 profit showed a decline but stayed above $10 billion. BDO issued attestations for 2024 and 2025, confirming the reported profit figures.