Tether Expands U.S. Treasury Holdings to $127B Amid $4.9B Q2 Profit Surge
Tether International Limited has cemented its role as a dominant force in digital finance, reporting $127 billion in U.S. Treasury exposure—$105.5 billion direct and $21.3 billion indirect—placing it among the world's largest sovereign debt holders. The Q2 2025 attestation by BDO reveals a $4.9 billion net profit, underscoring the stablecoin issuer's financial heft.
USD₮'s circulating supply now exceeds $157 billion, with $20 billion issued year-to-date. This growth coincides with U.S. legislative efforts like the GENIUS Act to bolster digital dollar infrastructure, positioning Tether as a critical bridge for onchain dollar liquidity.