As the world’s largest stablecoin, Tether has once again asserted its dominance in the digital economy. Recently, it released its third-quarter attestation report for 2025, verified by BDO, one of the top five independent auditing firms globally. The audits aim to validate the health and sufficiency of Tether’s reserves, dispelling previous concerns, especially after the FTX collapse.
Tether Reserve Assurance
The newest report reassured stakeholders that Tether continues to hold adequate collateral for the USDT it issues. Previously, uncertainty surrounding Tether’s reserves often triggered upheaval in the cryptocurrency markets. Fortunately, consistent auditing by BDO has managed to quell these doubts, providing a foundation of trust in the company’s financial practices.
As of the last quarter, Tether’s earnings throughout 2025 have surpassed the impressive milestone of $10 billion. The company continues diversifying its investments across various sectors including AI, Energy, and P2P communications, further solidifying its standing with a surplus reserve of $6.8 billion.
Tether emphasized the following achievements in its recent announcement:
“The third quarter of 2025 marked another milestone for Tether. Over $17 billion in new USDT was issued, reflecting one of the strongest performances to date, raising the total circulating supply above $174 billion. This growth underscores Tether’s role as the leading digital dollar by combining stability, transparency, and global accessibility.”
Tether’s total direct and indirect exposure to U.S. Treasury bills has peaked at approximately $135 billion, setting an all-time high.

Tether’s Expanding Influence
Tether holds more U.S. Treasuries than some countries; it would rank as the 17th largest holder if it were a nation. Its reserves include $12.9 billion in gold and $9.9 billion in Bitcoin
$92,177. Considering its over $183 billion reserves and nearly $30 billion in group equity, it is clear why Tether is actively seeking further investment opportunities. Announcements in this regard are expected soon.
Paolo Ardoino, the CEO of Tether, expressed confidence in the firm’s enduring strength:
“The Q3 2025 outcomes reflect the sustained trust and strength in Tether, even through challenging global macroeconomic environments, reinforcing Tether’s ‘Stable Company’ brand identity.
Investors and users continue to gravitate towards USDT as the most reliable and liquid digital dollar, affirming confidence in the Tether model. With a record exposure of $135 billion in U.S. Treasury securities, Tether stands as the 17th largest holder of U.S. debt. It remains a pillar of stability within the financial and technological ecosystem. Our consistent growth demonstrates not only our ability to meet global demand but also our role in bolstering trust within the broader digital economy.”



