Tether, the issuer of the world’s largest stablecoin, USDT, recently unveiled its third-quarter (Q3) financial results, revealing a remarkable year-to-date profit exceeding $10 billion. This figure underscores a robust performance amidst prevailing macroeconomic pressures.
The third quarter of 2025 proved to be a landmark period for Tether, with an issuance of over $17 billion in new USDT, marking one of the company’s most productive quarters to date. This injection has escalated the total circulating supply of USDT to over $174 billion.
On the asset side, Tether’s financial exposure through US treasuries has soared to around $135 billion, positioning the firm as one of the largest holders of US government debt. This substantial stake has elevated Tether to the rank of the 17th largest entity, overtaking South Korea in terms of US Treasury holdings.
As detailed in their report, Tether’s reserves backing the circulating tokens stand at approximately $181.2 billion, against liabilities of about $174.4 billion. This financial stability indicates that Tether’s assets surpass liabilities by around $6.8 billion, enhancing confidence in its operational integrity.
A noteworthy aspect of Tether’s reserves includes $12.9 billion in gold and $9.9 billion in Bitcoin (BTC), together comprising about 13% of total reserves. Paolo Ardoino, Tether’s CEO, commented on these impressive 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.’
This statement reflects Tether’s growing reputation, as increasing numbers of investors and users are turning to USDT as a reliable and liquid digital dollar, further solidifying confidence in the issuer’s business model.
T3 Financial Crime Unit Takes Action Against Illicit Activities
In a complementary initiative aimed at upholding financial integrity, the T3 Financial Crime Unit (T3 FCU)—a strategic collaboration between Tether, TRON, and TRM Labs—has reportedly frozen more than $300 million worth of criminal assets worldwide. This reactive measure underscores the firm’s commitment to combatting financial crime within the crypto space.
The USA accounted for the most significant portion of these frozen assets, with $83 million seized across 37 cases, while additional contributions were reported from countries like Spain, Germany, and Brazil.
Investigations revealed that the most common criminal activities involved the trade of illicit goods and services (39%), fraud, hacking incidents, and activities linked to the Democratic People’s Republic of Korea (DPRK)—which alone was partially responsible for $19 million from the Bybit hack.
Ardoino emphasized the importance of this milestone, asserting, “Reaching the $300 million milestone demonstrates the real-world impact of blockchain technology in combating financial crime.” He reiterated the company’s dedication to collaborating with over 280 law enforcement agencies worldwide to effectively monitor transactions and intervene in criminal activities.
As Tether solidifies its standing in the crypto landscape with substantial profits and proactive measures against financial misconduct, the stablecoin issuer continues to pave the way for greater confidence and security within the digital financial system.
