Tether just dropped another update and the numbers are wild.
They’ve pulled in over $10B in profit in just the first nine months of 2025.
USDT’s market cap hit $174B and according to their latest attestation they’re sitting on:
+ $135B in U.S. Treasuries (makes them the 17th largest holder of U.S. debt)
+ $12.9B in gold
+ $9.9B in BTC
On top of that, Tether just kicked off a share buyback program and Bloomberg says they might raise up to $20B.
And firms like Ark Invest and SoftBank interested.
Meanwhile, the circulating supply of USDT added another $17B in Q3 alone.
Hard to ignore when someone prints $10B in profit doing it.
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