
- Tether reports significant profit from Bitcoin and gold holdings.
- $2.6 billion profit enhances H1 2025 earnings.
- Impact felt in stablecoin reserve management strategies.
Tether, issuer of the USDT stablecoin, reported a $2.6 billion profit from Bitcoin and gold holdings in the first half of 2025, according to its Q2 2025 attestation.

This significant profit highlights a shift in stablecoin reserve management, impacting market dynamics and sparking discussions within the cryptocurrency community about risk and regulatory considerations.
Tether, the issuer of the USDT stablecoin, reported a striking $2.6 billion profit from its Bitcoin and gold investments during the first half of 2025. The Q2 2025 attestation revealed these results.
Paolo Ardoino, CEO, Tether, stated: “Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in U.S. Treasury exposure, robust bitcoin and gold reserves, and over $20 billion in new USDT issued, we are proving the strength and transparency of our operations.”
CEO Paolo Ardoino announced this achievement, emphasizing the firm’s proactive reserve strategies. Tether’s reserves have shifted to include significant investments in volatile assets, showcasing a divergence from traditional stablecoin reserve models.
The announcement mentioned Tether’s reserves, including a rise by $20 billion in new USDT. The circulating USDT now exceeds $157 billion, indicating growing demand for stablecoin products worldwide. Fiat currency exposure remains high, with Tether holding $127 billion in U.S. Treasury securities. Leveraging traditional and cryptocurrency assets has underscored Tether’s evolving financial strategy.
Tether’s diversification aligns with previous strategic decisions incorporating Bitcoin allocations. Comments from Paolo Ardoino highlight increased trust in Tether’s financial stability and transparency. Regulatory discussions about reserve composition may intensify. As Tether increases its asset diversity, scrutiny from global financial regulators could potentially influence stablecoin industry standards in reserve management strategies in future epochs.