Tether Reports Record $4.9 Billion Quarterly Profit Amidst Strategic Investments

In the second quarter, Tether International Ltd. reported a net profit of $4.9 billion. The audit firm BDO confirmed that the company possesses sufficient asset backing, as stated in their report.

Between April and June, the issuer of the USDT stablecoin released coins valued at $13.4 billion, bringing the total for the year to $20 billion. The overall circulating supply has now exceeded 157 billion USDT.

The company has become one of the largest holders of U.S. government bonds, amassing approximately $127 billion.

«This significant milestone coincides with a time when U.S. lawmakers have taken decisive actions through the GENIUS Act to reinforce the global dominance of the dollar in its digital form,» the document noted.

The organization’s equity remains stable compared to the previous quarter, standing at around $5.47 billion. These excess reserves act as a buffer against market fluctuations, allowing Tether to maintain independence from market cycles.

The company has reinvested a substantial portion of its recent profits into long-term strategic initiatives. Key projects include investments in XXI Capital and Rumble.

Tether is also actively supporting sectors such as artificial intelligence, renewable energy, and digital communications, with overall investments amounting to approximately $4 billion.

«As regulators formalize the foundations of digital dollars, Tether serves as a living, proven model of what innovations in the stablecoin sector can achieve: transparency, resilience, and global reach. USDT provides billions of people with access to the stability of the dollar, and this mission has never been more urgent and relevant,» emphasized CEO Paolo Ardoino.

Additionally, Tether reported that as of the end of the second quarter, nearly 250,000 «golden» stablecoins were in circulation, backed by 7.6 tons of precious metal.