Tether has minted over $20 billion in USDT in 2025, pushing its total circulation to $157 billion. The stablecoin issuer also revealed $127 billion in US Treasury holdings, cementing its position as a major non-sovereign debt holder.
- Tether's US Treasury holdings surged to $127 billion, with $105.5 billion in direct holdings and $21.3 billion indirectly.
- The company reported $5.7 billion in year-to-date profits, with $3.1 billion from operations and $2.6 billion from Bitcoin/gold gains.
- Tether faces two ongoing legal cases in New York, including a class-action suit tied to the 2017-18 Bitcoin market crash.
📎 Related coverage from: cryptoslate.com
