Tether, the company behind the top stablecoin USDT, is making a big move into the US market. After a hugely successful second quarter, they’re planning a new venture to expand their offerings beyond just stablecoins.
Huge Profits and US Treasury Holdings
Tether raked in a staggering $4.9 billion in net profit during Q2 2025, adding to their already impressive $5.7 billion total for the first half of the year. A big part of their success is their massive holdings of US Treasuries – over $127 billion, a jump of $8 billion from the previous quarter. This makes them one of the largest holders of US government debt.
USDT Dominance and Future Plans
USDT’s popularity continues to grow, with a circulating supply now exceeding $157 billion. Tether CEO Paolo Ardoino says this shows increasing trust in the company. He announced plans for a new US-focused venture, aiming to create a top-tier suite of financial products. The company issued a further $13.4 billion in USDT during the quarter.
Ardoino’s Statement
Ardoino highlighted Tether’s strong financial position, emphasizing their large holdings of US Treasuries, Bitcoin, and gold reserves. He stated that Tether isn’t just meeting global demand, but actively shaping it. The company is clearly betting big on the US market.