Tether Plans U.S. Stablecoin Launch After Record $5.7B Profit

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-02 08:11:01

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Tether Holdings Ltd. reported $5.7 billion in year-to-date profits through Q2 2025, bolstered by $127 billion in U.S. Treasury holdings backing its USDT stablecoin. The windfall precedes a planned fourth-quarter re-entry into the U.S. market with new compliant stablecoin products separate from its global USDT offering.

CEO Paolo Ardoino revealed the U.S. initiative will target mature market participants with "best-in-class" solutions. The MOVE aligns with pending stablecoin legislation, including the GENIUS Act's 100% reserve requirements. Tether's Q2 earnings alone reached $4.9 billion, demonstrating the resilience of its dollar-pegged token model amid regulatory scrutiny.

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