Tether International S.A. de C.V. (TI) has published its Q2 2025 attestation report, verified by global accounting firm BDO. 

The report confirms the accuracy of Tether’s Financial and Reserves Report (FFRR) and outlines the assets backing USD₮ as of June 30th, 2025.

In Q2, Tether issued $13.4 billion in USD₮, bringing the total supply to over $157 billion, an increase of $20 billion since the start of the year.

Tether’s U.S. Treasury holdings totaled over $127 billion at the end of the quarter, including $105.5 billion in direct and $21.3 billion in indirect exposure, up $8 billion from Q1. 

This places the company among the largest holders of U.S. government debt.

Shareholder equity remained at approximately $5.47 billion. Tether reported Q2 net profit of about $4.9 billion, with $5.7 billion in profit for the first half of 2025. 

This includes $3.1 billion in recurring income and $2.6 billion from mark-to-market gains on Bitcoin and gold.

The company said it has reinvested a large portion of its recent earnings into long-term initiatives, including XXI Capital and Rumble, and has allocated around $4 billion to U.S.-based projects.

Tether reported continued USD₮ usage in over 150 countries, particularly in areas with limited banking access, serving fintechs, exchanges, individuals, and governments.

As of June 30th, 2025, Tether reported:

  • Total assets: at least $162.57 billion
  • Total liabilities: approximately $157.11 billion, mostly tied to issued digital tokens
  • Assets exceed liabilities
  • Proprietary investments in AI, renewable energy, and communications are not included in USD₮ reserves

Tether CEO Paolo Ardoino stated: “Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in U.S. Treasury exposure, robust Bitcoin and gold reserves, and over $20 billion in new USD₮ issued, we’re not just keeping pace with global demand, we’re shaping it.”

Ardoino added: “As regulators formalize frameworks for digital dollars, Tether stands as a live, proven model of what stablecoin innovation can achieve: transparency, resilience, and massive global reach. USD₮ is helping billions access the stability of the U.S. dollar, and that mission has never been more urgent or more relevant.”

Share this article
The link has been copied!