In accordance with Coindesk, Tether reported net profits exceeding $10 billion in the first nine months of 2025, with its USDT stablecoin reaching a $174 billion market cap in Q3. The company holds $6.8 billion in excess reserves and $135 billion in U.S. Treasuries, making it the 17th largest U.S. debt holder. Tether also announced a share buyback program and is seeking up to $20 billion in funding from investors including Ark Invest and SoftBank. The firm has applied for an investment fund license in El Salvador and confirmed it settled litigation with Celsius using its own capital. Tether plans to launch a new U.S.-focused stablecoin, USAT, later this year in partnership with Anchorage Digital.
Tether Reports $10B Profits in First Nine Months, Launches Share Buyback Program
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