{"id":889199,"date":"2026-01-31T23:12:18","date_gmt":"2026-02-01T05:12:18","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/31\/tether-profit-falls-23-in-2025-but-treasury-holdings-hit-record-122b\/"},"modified":"2026-01-31T23:12:18","modified_gmt":"2026-02-01T05:12:18","slug":"tether-profit-falls-23-in-2025-but-treasury-holdings-hit-record-122b","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/31\/tether-profit-falls-23-in-2025-but-treasury-holdings-hit-record-122b\/","title":{"rendered":"Tether Profit Falls 23% in 2025, but Treasury Holdings Hit Record $122B"},"content":{"rendered":"<div>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n                    <\/p>\n<p>Crypto Journalist<\/p>\n<div>\n<p>Amin Ayan<\/p>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n                <\/p>\n<div>\n<div>\n<p>Crypto Journalist<\/p>\n<p><span>Amin Ayan<\/span><span class><img decoding=\"async\" src=\"https:\/\/cryptonews.com\/wp-content\/themes\/cryptonews\/images\/verification.svg\" alt=\"Verified\"><\/span>\n                    <\/p>\n<\/p><\/div>\n<div>\n<p>Part of the Team Since<\/p>\n<p>Apr 2025<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>About Author<\/p>\n<p>Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230;<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div>\n<p>Last updated:\u00a0<\/p>\n<p><time datetime=\"2026-01-31T09:22:48+00:00\">January 31, 2026<\/time>\n        <\/p>\n<\/p><\/div>\n<\/div>\n<p><img fetchpriority=\"high\" width=\"1200\" height=\"640\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2026\/01\/31075526\/1769846125-e5d32f81-f85e-4725-8e86-a2719326546f_optimized.jpg\" alt=\"Tether Profit Falls 23% in 2025, but Treasury Holdings Hit Record $122B\" decoding=\"async\"  ><\/p>\n<p>Tether, the company behind the world\u2019s largest stablecoin USDt, reported a sharp drop in annual profit in 2025 even as it continued to pile into US government debt, underscoring its shift toward more conservative reserve management.<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span>Tether\u2019s 2025 profit fell about 23% to just over $10 billion, even as total assets rose by more than $49 billion.<\/span><\/li>\n<li><span>The stablecoin issuer\u2019s US Treasury holdings hit a record $122 billion, making Treasuries the largest backing for USDt.<\/span><\/li>\n<li><span>Strong demand pushed about $50 billion in new USDt issuance, reinforcing its role as a core liquidity asset in crypto markets.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>According to <a href=\"https:\/\/tether.io\/news\/tether-delivers-10b-profits-in-2025-6-3b-in-excess-reserves-and-record-141-billion-exposure-in-u-s-treasury-holdings\/\" target=\"_blank\">its latest Financial Figures and Reserves Report<\/a>, prepared by accounting firm BDO, Tether posted net profits of just over $10 billion in 2025, down around 23% from the roughly $13 billion it reported a year earlier.<\/p>\n<p>Despite the decline, the company said its balance sheet expanded significantly, with total assets rising by more than $49 billion year-on-year.<\/p>\n<h2>Tether\u2019s US Treasury Holdings Hit Record $122B in 2025<\/h2>\n<p>The standout figure in the report was Tether\u2019s exposure to US Treasuries. Direct holdings of Treasury bills climbed above $122 billion by the end of 2025, the highest level the company has ever disclosed.<\/p>\n<p>Short-dated US government debt now makes up the largest single component of the reserves backing USDt, alongside reverse repurchase agreements and smaller allocations to corporate bonds and other investments.<\/p>\n<p>Tether said the growing Treasury position reflects a deliberate move toward highly liquid, low-risk assets as demand for its dollar-pegged token continues to grow.<\/p>\n<p>Over the past 12 months, the company issued about $50 billion in new USDt, pushing the stablecoin\u2019s circulating supply to new highs.<\/p>\n<p>Chief executive Paolo Ardoino said demand for USDt has been fueled by users seeking access to US dollars outside traditional banking channels, particularly in regions where financial systems are slow or difficult to access.<\/p>\n<figure><\/figure>\n<p>He described the stablecoin as increasingly embedded in global payments, trading, and savings activity.<\/p>\n<p>USDt remains a cornerstone of the crypto market. With a market capitalization of roughly $185.5 billion, it ranks as the third-largest cryptocurrency, behind Bitcoin and Ether, according to CoinMarketCap data.<\/p>\n<p>Traders and exchanges closely monitor Tether\u2019s profits and reserves because USDt is widely used as a dollar substitute for liquidity, collateral, and settlement.<\/p>\n<h2>Tether\u2019s Gold Reserves Grow to $12B as XAUt Backing Expands<\/h2>\n<p>Beyond Treasuries, the report shows Tether continues to diversify its reserves. The company holds exposure to precious metals, including gold backing its XAUt stablecoin.<\/p>\n<p>As of September 2025, Tether reported around $12 billion in gold exposure, with more than 520,000 troy ounces held specifically for XAUt.<\/p>\n<p>Separately, it maintains a broader gold reserve estimated at about 130 metric tons, <a href=\"https:\/\/cryptonews.com\/news\/tether-quietly-becomes-one-of-the-biggest-global-gold-market-players-holds-140-tons-of-gold\/\">valued at roughly $22 billion<\/a> at current prices.<\/p>\n<p>While profits fell from last year\u2019s peak, Tether ended 2025 with assets exceeding liabilities by more than $6.3 billion, according to the BDO assurance report.<\/p>\n<p>As reported, Tether has <a href=\"https:\/\/cryptonews.com\/news\/tether-launches-federally-regulated-usat-stablecoin-for-u-s-market-under-genius-act-framework\/\">officially launched USAT<\/a>, a federally regulated, dollar-backed stablecoin built specifically for the US market under the new <a href=\"https:\/\/cryptonews.com\/news\/genius-act-crypto-leaders-see-turning-point-regulation\/\">GENIUS Act framework.<\/a><\/p>\n<p>The token, issued by Anchorage Digital Bank, marks <a href=\"https:\/\/cryptonews.com\/news\/tether-stablecoin-usdt-coming-to-bitcoin-blockchain\/\">Tether\u2019s<\/a> formal entry into America\u2019s emerging federal stablecoin regime and shows a major shift in how digital dollars may operate inside the United States\u2019 regulated financial system.<\/p>\n<p>\n                                    <a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbU55ZVhCMGIyNWxkM011WTI5dEtBQVAB?ceid=US:en&#038;oc=3\" target=\"_blank\"><\/p>\n<p>                            <svg width=\"20\" height=\"16\" viewBox=\"0 0 20 16\" fill=\"none\">\n                            <path d=\"M19.6 5.36C19.6 5.48 19.6 5.66 19.54 5.78L17.2 12.8V5.6C17.2 4.94 16.66 4.4 16 4.4H12.82L12.52 3.8L11.86 2.36L15.34 3.32L18.58 4.16C19.18 4.28 19.6 4.82 19.6 5.36Z\" fill=\"#FF4131\" \/>\n                            <path d=\"M15.4 0.799997V3.26L11.92 2.3L11.74 1.88C11.44 1.28 10.72 0.979997 10.12 1.22L4.59998 3.38V0.799997C4.59998 0.499997 4.89998 0.199997 5.19998 0.199997H14.8C15.1 0.199997 15.4 0.499997 15.4 0.799997Z\" fill=\"#03A846\" \/>\n                            <path d=\"M12.82 4.4H4.00002C3.34002 4.4 2.80002 4.94 2.80002 5.6V11.42L0.520024 6.5C0.460024 6.26 0.400024 6.08 0.400024 5.9V5.84C0.400024 5.3 0.700024 4.82 1.24002 4.64L4.60002 3.32L10.06 1.22C10.72 0.979997 11.44 1.28 11.68 1.88L11.86 2.3L12.52 3.74L12.82 4.4Z\" fill=\"#FDBD04\" \/>\n                            <path d=\"M17.2 5.59999V14.6C17.2 15.26 16.66 15.8 16 15.8H4.00005C3.34005 15.8 2.80005 15.26 2.80005 14.6V5.59999C2.80005 4.93999 3.34005 4.39999 4.00005 4.39999H16C16.66 4.39999 17.2 4.93999 17.2 5.59999ZM9.40005 9.79999H7.00005V11H7.90005C7.60005 11.36 7.18005 11.6 6.70005 11.6C5.86005 11.6 5.20005 10.94 5.20005 10.1C5.20005 9.25999 5.86005 8.59999 6.70005 8.59999C7.12005 8.59999 7.48005 8.77999 7.78005 9.01999L8.62005 8.17999C8.14005 7.69999 7.48005 7.39999 6.70005 7.39999C5.20005 7.39999 4.00005 8.59999 4.00005 10.1C4.00005 11.6 5.20005 12.8 6.70005 12.8C7.90005 12.8 8.86005 12.08 9.22005 11C9.34005 10.7 9.40005 10.4 9.40005 10.1C9.40005 9.97999 9.40005 9.91999 9.40005 9.79999ZM14.8 7.39999H10.6V8.59999H14.8V7.39999ZM16 9.79999H10.6V11H16V9.79999ZM14.8 12.2H10.6V13.4H14.8V12.2Z\" fill=\"#0284FE\" \/>\n                            <\/svg><br \/>\n                                                                    Follow us on Google News                                    <\/a>\n                                <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com\/news\/tether-profit-falls-23-in-2025-but-treasury-holdings-hit-record-122b\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Randy Schildgen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan Part of the Team Since Apr 2025 About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230; Last updated:\u00a0 January 31, 2026 Tether<\/p>\n","protected":false},"author":1,"featured_media":889200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23002,22944],"tags":[],"class_list":{"0":"post-889199","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-profit","8":"category-tether"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=889199"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/889200"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=889199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=889199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=889199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}