Tether has revealed that its profits for the first three quarters of 2025 have surpassed the $10 billion mark. That figure puts it ahead of some of the world’s largest banks in the same time period.
Treasury bills are doing the heavy lifting
The huge revenue comes mainly from the $135 billion in US Treasury bills that Tether has in its reserves. These reserves back every USDT token in circulation, and when Treasury bond interest rates rise, so do Tether’s profits.
Tether reported $10 billion in profits since the beginning of the year and record investments in US public debt
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The company benefits by simply holding on to these government-backed assets.
Overcoming traditional giants
To get an idea of how big this is, Bank of America made less than Tether during the same period. Even Goldman Sachs and Morgan Stanley, which each earned about $12 billion so far this year, are barely ahead. That puts Tether right in the mix with some of the biggest names in global finance.
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A huge war chest and even more USDT
Tether’s $135 billion in Treasury holdings make it one of the largest non-government holders of US debt. The company also has more than $6.8 billion in excess reserves. During the third quarter alone, it issued over $17 billion in new USDT, bringing the total supply to over $174 billion.
These figures show how quickly the company is growing while still having a huge safety net.
The world of stablecoins is not so small anymore
The scale of Tether’s operation makes it clear that stablecoins are no longer a side note in finance. A business built entirely around digital dollars is now generating more than institutions that have existed for generations. That comparison highlights where the financial world could be headed.
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What’s coming around the corner
With these types of profits and reserves, Tether is likely to attract more attention from regulators and traditional financial players. Its influence on the stablecoin market continues to grow, and with that comes questions about oversight, risk management, and how it fits into the broader system. The coming months may bring more clarity on those questions, especially as the stablecoin space expands.
A wake-up call for traditional finance
Tether’s latest numbers send a clear message. Companies operating entirely within the digital finance space are no longer simply playing catch-up; They are competing head to head with traditional banks. The fact that one of the biggest names in cryptocurrencies is now earning more than some of Wall Street’s giants marks a turning point that both industries will have to take into account.
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Key takeaways
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Tether reported more than $10 billion in profits during the first three quarters of 2025, outperforming many of the world’s largest banks.
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The company’s huge profits come primarily from its $135 billion in U.S. Treasury bill holdings, which generate strong returns as interest rates rise.
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Tether is now among the largest non-government holders of US debt and has more than $6.8 billion in excess reserves for added stability.
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During the third quarter of 2025, Tether issued over $17 billion in new USDT, bringing its total supply to over $174 billion and showing strong market demand.
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These results highlight how stablecoins like USDT now compete directly with traditional finance, attracting increased attention from regulators around the world.
The post Tether Earns Over $10 Billion by 2025, Overtaking Big Banks appeared first on 99Bitcoins.
