Tether (CRYPTO: USDT) on Thursday released its Q2 2025 attestation, showing the company added over $13.4 billion in USDT during the quarter.
What Happened: With more than $20 billion in net new issuance year-to-date, the total supply of USDT has risen to over $157 billion.
The report shows that Tether’s total exposure to U.S. Treasuries climbed to $127 billion, including $105.5 billion in direct holdings and $21.3 billion held indirectly, up from roughly $119 billion in Q1.
This level of exposure places Tether among the world’s largest holders of U.S. sovereign debt, rivaling even institutional investors and central banks.
Tether’s net profit for the second quarter reached approximately $4.9 billion, with $3.1 billion of that attributed to recurring operational earnings.
The remainder, roughly $1.8 billion, …