Tether CEO Says Leading Stablecoin Issuer To ‘Focus on a New Venture in the US’ After Inking $4,900,000,000 in Net Profit in Q2
Tether CEO Paolo Ardoino says the company behind the leading stablecoin is aiming to expand its offerings in the US. In a post on the social media platform X, Ardoino unveils the company’s plan for one of the world’s top financial markets as the stablecoin issuer releases its quarterly attestation for Q2 2025. “USDt growth is accelerating, leading the market with a 100B delta with the second-largest stablecoin. In the upcoming quarter Tether will focus on a new venture in the US, to build a best-in-class product suite (stablecoins plus more), designed for the specific, already highly efficient, market.” According to the newly published attestation completed by the global accounting firm BDO, Tether made $4.9 billion in net profits during the second quarter of the year. This brings the total to $5.7 billion for the first six months of 2025. Tether also becomes one of the largest US debt holders with over $127 billion in treasuries, which includes $105.5 billion ...
