[Tether's Net Profit Exceeds $10 Billion in 2025] According to a report by Jinse Finance, Tether, the world's largest stablecoin issuer, achieved a net profit of over $10 billion in 2025. Tether currently has $186 billion USDT in circulation, backed by $193 billion in assets, of which approximately $122 billion is in U.S. Treasury bonds, making it one of the largest holders of U.S. Treasuries globally. The company has an excess reserve of $6.3 billion. In 2025, Tether issued over $50 billion in new USDT, marking the second-largest annual issuance in the company's history. The company also holds approximately 140 tons of gold and continues to invest in Bitcoin mining, decentralized AI, and peer-to-peer messaging, among other fields. Additionally, Tether established a subsidiary in the United States in 2025 and launched the USAT stablecoin, issued domestically in the U.S.