Tether (USDT) Q3 2025 Financial Report: Circulating USDT Exceeds $174B, Excess Reserves $6.8B, $135B in U.S. Treasuries, and $22.8B in Bitcoin & Gold Reserves

COINOTAG News reports on Oct 31, 2025 that the Q3 2025 financials from Tether Attestation show a year‑to‑date net profit exceeding $10 billion, with a user base topping 500 million as of September 30, 2025. The report notes $6.8 billion in excess reserves and more than $17 billion of USDT issued this year, lifting the circulating supply above $174 billion. Management highlights progress in AI, energy, and P2P initiatives aimed at stability through technology and finance.

On the balance sheet, Tether reports significant Treasury exposure to U.S. government debt, totaling roughly $135 billion, making it one of the largest holders globally. Gold and Bitcoin reserves run at $12.9 billion and $9.9 billion, about 13% of total reserves, with liabilities at $174.45 billion and assets surpassing liabilities by $6.778 billion.

These figures reinforce the credibility of stablecoin operations and support risk‑managed growth, offering investors a transparent, asset-backed narrative amid evolving crypto markets.