Tether disclosed one other robust quarter as stablecoins proceed to realize traction amid rising regulatory readability in the USA. The corporate stated it posted $4.9 billion in revenue for the second quarter of 2025, a 277% improve in contrast with the identical interval a yr in the past.
Tether is the creator of USDt (USDT), a stablecoin pegged to the US greenback and backed by US Treasurys and money equivalents. In line with DefiLlama, USDt continues to dominate the stablecoin market, accounting for 61.7% of all stablecoin worth, with a market capitalization of $164.5 billion at this writing.
In line with Tether, it had $162.6 billion in belongings and $157.1 billion in liabilities as of June 30, with many of the liabilities regarding token issuance.
The corporate additionally expanded its publicity to US Treasurys to $127 billion in the course of the quarter, passing South Korea to turn out to be the 18th-largest holder of the US debt devices.
Within the first six months of 2025, Tether had a revenue of $5.7 billion, an increase of 9.6% from $5.2 billion within the first six months of 2024.
Tether’s place as one of many largest holders of US treasurys “comes at a time when US policymakers, via the GENIUS Act, have taken decisive steps to solidify the greenback’s international management in digital type,” in response to the report.
Associated: International demand grows for non-dollar stablecoins, says Fireblocks exec
Tether opponents make strikes
Tether’s opponents have been busy as nicely. Circle, a US firm and the creator of USDC (USDC), underwent an preliminary public providing in June 2025. Its inventory, which debuted at $31 per share, shortly soared on opening day and is presently sitting at $186.83 on the time of this writing.
Fintech big PayPal introduced a 3.7% yield on its stablecoin in April 2025. World Liberty Monetary, one in all US President Donald Trump’s crypto ventures, has launched its personal stablecoin and invested $10 million in Falcon Finance to develop blockchain infrastructure for such tokens.
Trump signed the GENIUS Act into regulation in July, the primary laws focusing on stablecoins and its issuers in the USA.
Jürgen Schaaf, an adviser to the European Central Financial institution, stated on Tuesday that the EU dangers greenback dominance with out widespread guidelines governing stablecoins. Deutsche Financial institution, Galaxy and Move Merchants debuted a EURO-backed stablecoin on the Ethereum blockchain on Thursday.
Journal: Bitcoin vs stablecoins showdown looms as GENIUS Act nears
