Tether, the controversial but dominant backbone of the digital asset market, reported a staggering $10 billion net profit for 2025. The results underscore a year of aggressive expansion, transforming the stablecoin issuer into one of the world’s largest private holders of US government debt. $50 Billion USDT Expansion Fuels Record Profits The profit, which Tether claims emanated solely from its core stablecoin business, coincides with a massive $50 billion injection of liquidity into the crypto ecosystem. This issuance pushed the total USDT in circulation above $186 billion
source: https://beincrypto.com/tether-posts-record-10-billion-profit/