Tether Releases Q3 Report: Profits Surpass $10 Billion, Marking A Strong Year-to-Date Performance

Tether, the issuer of the world’s largest stablecoin, USDT, has announced impressive financial results in its third-quarter (Q3) attestation report, revealing year-to-date profits that exceed $10 billion. 

Tether Discloses Billions In Gold And Bitcoin Holdings

The third quarter of 2025 marked a significant milestone for the firm, with over $17 billion in new USDT issued—one of the company’s strongest performances to date. This surge has increased the total circulating supply of USDT to over $174 billion.

In terms of financial exposure, Tether’s holdings in US treasuries, both direct and indirect, have reached an all-time high of approximately $135 billion. This positions the company as one of the largest holders of US government debt, surpassing South Korea to rank as the 17th largest among nations holding US Treasuries. 

As of September 30, 2025, the company reported that the reserves backing Tether tokens in circulation amounted to approximately $181.2 billion, while liabilities totaled about $174.4 billion. This indicates that the value of assets supporting Tether exceeds its liabilities by approximately $6.8 billion.

Additionally, Tether’s reserves include $12.9 billion in gold and $9.9 billion in Bitcoin (BTC), together representing about 13% of total reserves. Paolo Ardoino, Tether’s CEO, commented on the Q3 results, stating: 

These results reflect the continued trust and strength behind Tether, even amid a challenging global macroeconomic environment. They reinforce Tether’s brand as the ‘Stable Company.’

He highlighted that both investors and users are increasingly turning to USDT as the most reliable and liquid digital dollar, which underscores enduring confidence in the stablecoin issuer’s operational model.

T3 Financial Crime Unit Freezes Over $300 Million In Criminal Assets

In a related effort to maintain financial integrity, the T3 Financial Crime Unit (T3 FCU)—a collaborative initiative from Tether, TRON, and TRM Labs—has reportedly frozen more than $300 million in criminal assets globally. 

The largest volumes of assistance were documented in the United States, where $83 million was frozen across 37 cases, followed by assistance in countries such as Spain, Germany, and Brazil, among others. 

The most common types of crimes investigated included illicit goods and services (39%), fraud, hacks, and activities linked to the Democratic People’s Republic of Korea (DPRK), which accounted for $19 million from the Bybit hack alone.

Ardoino emphasized the firms dedication to preserving the integrity of the financial system, stating, “Reaching the $300 million milestone demonstrates the real-world impact of blockchain technology in combating financial crime.”

He reiterated the company’s commitment to collaborating with more than 280 law enforcement agencies worldwide, aiming to monitor transactions and disrupt criminal activity effectively.

Featured image from DALL-E, chart from TradingView.com