Tether Unveils Record U.S. Treasury Holdings and $5.2 Billion Profit in Early 2025

Highlights

• Tether reports a remarkable $5.2 billion profit for H1 2024 alongside a historic $97.6 billion holding in U.S. Treasuries.
• Recognized as one of the globe's largest U.S. Treasury holders.
• Issued over $8 billion worth of its USD-backed stablecoin in Q2 2024.

Tether Holdings, the powerhouse behind the world's largest stablecoin by market cap, revealed in its latest attestation report a $5.2 billion profit and an extraordinary accumulation of U.S. Treasuries during the first half of 2024.

In the second quarter alone, Tether issued upwards of $8.3 billion USDt (USDTUSD), its U.S. dollar-backed stablecoin, which mandates backing by cash or equivalent reserves.

The company’s investment in U.S. Treasuries soared to an all-time peak of $97.6 billion through both direct and indirect holdings, positioning Tether alongside top sovereign holders globally.

During H1 2024, Tether ranked third in acquisitions of 3-month U.S. Treasuries, trailing only the U.K. and Cayman Islands, with ambitions to claim the top spot in the upcoming year.

Additionally, Tether's reserves include $4.734 billion in bitcoin (BTCUSD) and an excess reserve pool totaling $5.3 billion.

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