Tether, the issuer of USDt, reported $3 billion less in net profits in 2025, with US Treasury holdings reaching a record high of $122 billion. Total assets increased by $49.17 billion year-on-year. $50 billion in new USDt was issued, reflecting increased demand globally outside traditional banking systems.

Tether CEO Paolo Ardoino noted USDt’s popularity in regions with slow financial systems, calling it the most widely adopted monetary social network. USDt is the third-largest cryptocurrency with a market cap of $185.51 billion, after Bitcoin and Ether. Tether’s financial health impacts traders and exchanges using USDt for liquidity.

Tether also issues the gold-backed stablecoin XAUt, holding 520,089 troy ounces of gold separately from a 130 metric ton reserve. The company maintains physical gold for XAUT tokens, making it eligible for redemption. Tether’s commitment to transparency and accurate reporting is evident in its financial statements and holdings.

Read more at Cointelegraph: Tether Reaches Record High Treasury Holdings, Profits Fall