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