Tether CEO Paolo Ardoino says the corporate behind the main stablecoin is aiming to increase its choices within the US.
In a publish on the social media platform X, Ardoino unveils the corporate’s plan for one of many world’s high monetary markets because the stablecoin issuer releases its quarterly attestation for Q2 2025.
“USDt progress is accelerating, main the market with a 100B delta with the second-largest stablecoin.
Within the upcoming quarter Tether will concentrate on a brand new enterprise within the US, to construct a best-in-class product suite (stablecoins plus extra), designed for the particular, already extremely environment friendly, market.”
In keeping with the newly printed attestation accomplished by the worldwide accounting agency BDO, Tether made $4.9 billion in web income in the course of the second quarter of the yr. This brings the full to $5.7 billion for the primary six months of 2025.
Tether additionally turns into one of many largest US debt holders with over $127 billion in treasuries, which incorporates $105.5 billion in direct holdings and $21.3 billion owned not directly. The corporate’s US treasuries publicity is up by $8 billion in comparison with Q1 2025.
Tether issued $13.4 billion USDT in the course of the interval. The stablecoin’s circulating provide now exceeds $157 billion, up by $20 billion year-to-date.
Says Ardoino,
“Q2 2025 affirms what markets have been telling us all yr: belief in Tether is accelerating. With over $127 billion in U.S. Treasury publicity, strong Bitcoin and gold reserves, and over $20 billion in new USDT issued, we’re not simply conserving tempo with international demand, we’re shaping it.”
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