Tether’s Golden Hoard: $17B in Gold, $10B in Profits, and a Dash of Crypto Madness

Oh, Tether, issuer of the world’s most popular stablecoin, USDT, has closed 2025 with a flourish-a net profit of over $10 billion. The fourth-quarter attestation, penned by the scribes of BDO Italy, reveals a buffer of $6.3 billion in excess reserves, a fortress against the $186.5 billion in liabilities. USDT’s supply swelled by $50 billion, a bloated whale in the digital sea.








