Tether posts $4.9B profit in Q2 as stablecoins go mainstream
Main Idea
Tether reported a $4.9 billion profit in Q2 2025, with a total profit of $5.7 billion in the first half of the year, driven by regulatory clarity and dominance in the stablecoin market.
Key Points
1. Tether's Q2 2025 profit was $4.9 billion, contributing to a total profit of $5.7 billion in the first half of 2025, a 9.6% increase from the same period in 2024.
2. USDt, Tether's stablecoin, dominates the market with a 61.7% share and a market capitalization of $164.5 billion, backed by US Treasurys and cash equivalents.
3. Tether expanded its US Treasurys holdings to $127 billion, becoming the 18th-largest holder globally.
4. Competitors like Circle (USDC) and PayPal are also active, with Circle's stock surging after its IPO and PayPal offering a 3.7% yield on its stablecoin.
5. The GENIUS Act, signed into law in July 2025, is the first US legislation targeting stablecoins and their issuers, reflecting growing regulatory focus.
Description
In the first six months of 2025, Tether has had a profit of $5.7 billion, a rise of 9.6% compared to the same period in 2024.
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