Tether revealed Another strong quarter as Stablecoins continues to gain traction amid growing clarity of regulation in the United States. The company said it posted $ 4.9 billion income for the second quarter of 2025, a 277% increase compared with the same period a year ago.
Tether is the creator of USDT (USDT), a stablecoin who has been in the US dollar and that is the US Treasurys and cash equivalent. According to In Defillma, the USDT continues to dominate the Stablecoin market, which costs 61.7% of all Stablecoin amounts, with a market capitalization of $ 164.5 billion in this writing.
According to Tether, it has $ 162.6 billion in property and $ 157.1 billion in responsibilities on June 30, with most responsibilities related to token release.
The company also expanded its exposure to the US Treasurys up to $ 127 billion in the quarter, which passed South Korea to be The 18th largest holder of US debt instruments.
During the first six months of 2025, Tether revenue $ 5.7 billion, an increase of 9.6% from $ 5.2 billion in the first six months of 2024.
Tether’s position as one of the biggest holders of the US Treasurys “came at a time when US policies, through the Genius Act, took specific steps to strengthen global dollar leadership in digital form,” according to the report.
Related: Global demand is growing for non-dollar stablecoins, says Exec Fireblocks
Competitors in Tether make motions
Tether’s competitors were also busy. Circle, a US company and the creator of the USDC (USDC), undergo a preliminary public offer in June 2025. Its stock, which has won $ 31 per part, Rapidly rise on the day of opening and is currently sitting at $ 186.83 at the time of this writing.
Fintech Giant Paypal announced a 3.7% yield to its stablecoin In April 2025. The World Liberty Financial, one of the US President Donald Trump’s Crypto Ventures, launched its own stablecoin and Invested $ 10 million in Falcon Finance To develop blockchain infrastructure for tokens.
Trump Signed the Genius Act in law In July, the first law targets stablecoins and its providers to the United States.
Jürgen Schaaf, a counselor at the European Central Bank, told Tuesday that the EU risk dominated over dominance Without the usual rules governing the stablecoins. Deutsche Bank, Galaxy and Flow Traders Debuting an euro-supported euro At Ethereum Blockchain on Thursday.
Magazine: Bitcoin vs Stablecoins Showdown approaches as the Genius Act approaches
