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

Tether reported a massive profit of $10 billion for the first three quarters of 2025 Friday, putting the world’s top stablecoin issuer in the same league as Wall Street titans.  Tether’s performance so far this year rivals that of the most profitable banks in the world—and has even eclipsed that of some of America’s top financial institutions.  The USDT issuer’s reported net income is greater than that of Bank of America, for example, which notched an $8.9 billion profit in 2025’s first three fiscal quarter ...