PANews reported on January 31 that, according to Coindesk, Tether, the issuer of the stablecoin USDT, announced on Friday that its net profit in 2025 will exceed $10 billion, mainly due to the steady growth of its flagship token USDT and its increasing investments in US Treasury bonds and gold.

The fourth-quarter financial report, signed by the Italian accounting firm BDO, shows that Tether holds $6.3 billion in excess reserves, enough to offset its $186.5 billion in liabilities related to its issued tokens. The circulating supply of USDT increased by $50 billion in a year, exceeding $186 billion. The company continued to increase its holdings of U.S. Treasury bonds, with direct holdings reaching $122 billion, and total holdings reaching $141 billion including overnight reverse repurchase agreements. This makes Tether one of the world's largest holders of U.S. Treasury bonds. Tether also maintained a significant allocation to gold and Bitcoin, with holdings of $17.4 billion and $8.4 billion, respectively.