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Tether's net profit for the first three quarters exceeded 10 billion USD, with a USDT Circulating Supply reaching 174 billion USD.
PANews reported on October 31 that Tether International announced its Q3 2025 audit report: net profit for the year exceeded 10 billion USD, with an increase of 17 billion USD in USD₮ this quarter, bringing the circulating supply to 174 billion USD; the company holds approximately 135 billion USD in U.S. Treasury securities, ranking 17th globally. As of September 30, reserve assets totaled 1,812.231 billion USD, liabilities were 1,744.454 billion USD, resulting in excess reserves of 6.778 billion USD; holdings include 12.9 billion USD in gold and 9.9 billion USD in Bitcoin (accounting for about 13% of reserves). Tether funded the settlement of the Celsius lawsuit with its own capital and applied for a private sale alternative investment fund license in El Salvador.