Tether claims billions in profits as it grows 'secured loans'
Tether, the world’s largest stablecoin firm, has claimed that it made approximately $4.9 billion in profits for the second quarter of 2025. USDT, the main stablecoin issued by Tether, had grown to a market capitalization of over $150 billion by the end of June. Moreover, Tether claims that it has grown to be one of “the largest holders of US government debt globally.” Read more: Tether: Ten years, 100,000,000,000 USDT, and still no audit Interestingly, despite the substantial growth in Tether’s market capitalization, the amount of what Tether calls “equity” (the difference between assets and liabilities) has been remarkably stable . Tether’s BTC reserves continue to grow As Tether made sure to note in its announcement, it holds quite a few US Treasury bills, representing the single largest category in its reserves. Read more: Circle vs. Tether: What’s in the reserves? Tether also has substantial...