Tether Holds $127B in US Treasuries, Reports $4.9B Q2 Profit in Q2 2025 Attestation
Crypto News
Tether Holds $127B in US Treasuries, Reports $4.9B Q2 Profit in Q2 2025 Attestation
Share quote to twitter-icon
BDO Italia’s independent attestation report verifies Tether International held $162.57 billion in assets against $157.11 billion in liabilities as of June 30, 2025, confirming excess reserves of $5.47 billion backing its USDT stablecoin.
playListen to article
WRITTEN BY
Jamie Redman
Tether Holds $127B in US Treasuries, Reports $4.9B Q2 Profit in Q2 2025 Attestation
Tether Assets Reach $162.5B, Backing $157.1B in USDT Liabilities
Tether International Limited’s Q2 2025 attestation, conducted by global accounting firm BDO, validates the company’s financial reserves exceed outstanding liabilities for its USDT stablecoin. The report confirms total assets of $162.57 billion and liabilities of $157.11 billion—$157.10 billion of which represents issued digital tokens.
Tether’s exposure to U.S. Treasuries reached $127 billion, comprising $105.52 billion in direct holdings and $21.3 billion indirectly through money market funds and reverse repurchase agreements. This positions Tether among the world’s largest private holders of U.S. government debt.
The company reported a net profit of $4.9 billion for Q2 2025, bringing year-to-date earnings to $5.7 billion. Recurring operational profits totaled $3.1 billion, supplemented by $2.6 billion from mark-to-market gains on bitcoin and gold holdings.
Reserves include $105.52 billion in U.S. Treasury bills, $16.34 billion in overnight reverse repos, $8.93 billion in bitcoin, and $8.73 billion in physical gold. Secured loans totaled $10.14 billion, all overcollateralized with liquid assets.
USDT circulation grew by $20 billion year-to-date to $157.1 billion. Shareholder equity remained stable at $5.47 billion, serving as a solvency buffer. Tether relocated from the British Virgin Islands to El Salvador in January 2025 and operates under that nation’s Digital Asset Issuance Law. The company faces two ongoing civil litigations in New York courts, for which no financial provisions were recorded.
BDO’s Q2 2025 Tether attestation, performed under ISAE 3000 standards, noted material limitations including point-in-time verification and exclusion of extraordinary market conditions from asset valuations.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings