Tether’s Profits Surpass Major U.S. Banks in Early 2025
- Tether reported $10 billion in profit for the first three quarters of 2025, surpassing Bank of America’s $8.9 billion.
- Profits largely come from returns on $135 billion in U.S. Treasuries backing its USDT reserves.
- The company plans to launch a U.S.-compliant stablecoin, USAT, by the end of the year.
- Tether’s circulating supply of USDT reached over $184 billion as of September-end.
- Headquartered in El Salvador, Tether has more than doubled U.S. Bank’s profits for the same period.
Tether’s financial performance places it among leading Wall Street firms like Morgan Stanley and Goldman Sachs, with net incomes of $12.4 billion and $12.56 billion respectively so far this year. The company’s significant holdings in U.S. Treasuries have been pivotal to its impressive earnings.
Despite not yet matching JP Morgan’s substantial income, Tether remains a key player with its growing influence and strategic plans to enter the U.S market through USAT.(Source)
