Tether Reports 23 Percent Profit Decline Despite Growing Balance Sheet
The world's largest stablecoin issuer recorded a net profit of $10 billion in 2025, while assets increased significantly.
Stablecoin issuer Tether generated a net profit of just over $10 billion in fiscal year 2025. This represents a decline of approximately 23 percent compared to the previous year, when the company recorded a profit of nearly $13 billion. This is according to a financial report prepared by auditing firm BDO [1].
Despite the profit decline, Tether recorded significant growth in its balance sheet. Assets increased by more than $49 billion year-over-year. The largest share of this consists of U.S. Treasury securities, whose holdings exceeded the $122 billion threshold for the first time at the end of 2025—more than Germany holds at $109 billion [1].
The balance sheet also includes precious metals worth approximately $17.5 billion and Bitcoin valued at around $8.4 billion. Demand for the flagship product USDT remains high: Over the past twelve months, Tether issued tokens worth a total of $50 billion [1].
The company recently launched USAT, a U.S.-compliant stablecoin specifically designed to target banks, exchanges, and payment service providers in the American market [1].
Sources
- [1]btc-echo.de
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