Tether records lower annual profit after boosting asset reserves

Stablecoin giant Tether on Friday posted a $10 billion profit for 2025, down from the previous year as the company quickly stocked up on assets. The private firm, based out of the Salvadoran capital of San Salvador, posted a $13 billion profit for 2024. Tether did not explain why its profits for last year were down but did say it had made a “shift toward highly liquid, low-risk assets” and that total reserves hit a high of $193 billion. “USDT expanded because global demand for dollars is increasingly mo ...