Stablecoin giant Tether announces a $4.9 billion profit during Q2, with its CEO hinting at plans for a potential U.S. venture.
In the world of digital currencies, Tether, the stablecoin giant, has been making significant strides in its reserve composition. According to recent reports, Tether held the same dollar-value amount of Treasury securities in May, as per U.S. Treasury Department data. However, a closer look reveals a more intricate story of diversification.
Tether's business has seen a 9.6% increase compared to the same period last year, generating $5.7 billion in the first six months of 2021 and reporting a second-quarter profit of $4.9 billion. This financial success has allowed Tether to reallocate capital into alternative reserves.
The company's latest attestation, following the passage of the GENIUS Act, a landmark piece of crypto legislation in the U.S., shows a reduction in net new U.S. Treasury purchases in Q2 2025. Tether maintains sizable Treasury holdings, but these now account for only 64% of its total reserves, down from a peak in late 2024 and early 2025.
Tether's reserve composition has evolved from a heavy focus on U.S. Treasury securities towards greater diversification. The stablecoin now includes approximately $8.9 billion in Bitcoin, $8.7 billion in precious metals, and significant investments in over 120 companies focused on blockchain, artificial intelligence, and fintech sectors.
One of Tether's notable moves was the transfer of about 5,800 Bitcoin to Twenty One Capital, making it the world's third largest Bitcoin treasury firm. This strategic move has positioned Tether as a key player in the Bitcoin market, with Twenty One Capital now holding 43,500 BTC valued at approximately $5.2 billion.
Beyond Bitcoin and precious metals, Tether has also poured funds into companies like Rumble and Adecoagro, an agricultural firm focused on South America. This shift towards a broader diversified portfolio is driven partly by regulatory pressures and Tether’s goal to improve returns through interest income and capital gains from these alternative assets.
Tether's stablecoin, with a market capitalization that towers over Circle's $64 billion stablecoin, serves as a conduit for secure, onchain access to U.S. dollar liquidity at scale. CEO Paolo Ardoino has teased a new U.S. venture for Tether, hinting at further expansion and innovation in the digital currency space. As of mid-2025, Tether maintains approximately $162.5 billion in total assets backing its USDT stablecoin, demonstrating its continued dominance in the digital currency market.
- In the first half of 2021, Tether, the stablecoin giant, generated $5.7 billion in revenue, marking a 9.6% increase compared to the same period the previous year.
- As part of its business diversification, Tether has invested significant funds into over 120 companies focusing on blockchain, artificial intelligence, and fintech sectors.
- Tether's latest attestation shows a decrease in net new U.S. Treasury purchases, with these holdings now accounting for only 64% of its total reserves.
- Tether has made strategic moves such as transferring about 5,800 Bitcoin to Twenty One Capital, making the company the world's third largest Bitcoin treasury firm.
- Tether's stablecoin, USDT, with a market capitalization of approximately $162.5 billion, is used as a conduit for secure, onchain access to U.S. dollar liquidity at scale, and the company is planning further expansion and innovation in the digital currency market.
