Tether Reports $10 Billion Profit in 2025 So Far—Here's How That Compares to the Big Banks

Core Insights - Tether reported a profit of $10 billion for the first three quarters of 2025, positioning itself among the most profitable financial institutions globally [1][2] - Tether's net income surpasses that of Bank of America and U.S. Bank, and is close to the earnings of Morgan Stanley and Goldman Sachs [2][3] - The company is on track to exceed its previous year's profit of $13 billion, which was just shy of Goldman Sachs' earnings [3] Financial Performance - Tether's profit of $10 billion is greater than Bank of America's $8.9 billion and nearly double U.S. Bank's $5.5 billion for the same period [2] - The company issued over $17 billion worth of USDT in Q3, increasing its circulating supply to over $184 billion [4] - Tether holds approximately $135 billion in U.S. Treasuries, ranking it among the top global holders of such assets [6] Market Position - Tether has over 500 million users, making it a significant player in financial inclusion, particularly in emerging markets [5] - The company is making efforts to expand its presence in the U.S. market following regulatory developments [6]