Tether ($USDT ) reported a
net profit of $10.1 billion for the full year 2025 in its Q4 attestation published on January 30, 2026. While this figure remains substantial, it represents a 23% decrease from the record $13 billion profit reported in 2024. Despite the profit dip, Tether's exposure to U.S. Treasury securities reached a new record high of $141 billion (including indirect exposure), positioning the company among the largest global holders of U.S. government debt.
2025 Financial Snapshot (Reported Jan 30, 2026)
Net Profit: $10.11 billion (down from $13 billion in 2024).
Total Treasury Exposure: $141 billion(Record High).
Total Reserve Assets: $192.9 billion.
Excess Reserves: $6.34 billion (acting as a liquidity buffer).
USDT in Circulation: $186.5 billion (All-Time High).
Tether Net Annual Profits (2024 vs 2025)
Key Insights & Strategic Shifts
Conservative Rebalancing: The record Treasury holdings reflect a deliberate pivot toward highly liquid, low-risk assets to secure the stablecoin's peg amid a more volatile crypto environment.
Supply Growth: USDT supply expanded by roughly $50 billion over the 12-month period, driven by surging demand for dollar-denominated liquidity in emerging markets.
Asset Diversification: Beyond Treasuries, Tether increased its physical gold holdings to a value of $17.4 billion and its Bitcoin reserves to 96,185 BTC (worth ~$8.4 billion) as of January 1, 2026.
Operating under Supervision: As of early 2026, Tether now operates under regulatory supervision in El Salvador, following its official relocation and licensing as a stablecoin issuer there.
