Tether’s Impressive Growth and Future Plans: A Market Overview
Tether has reported a record profit of US$4.9 billion (AU$7.6 billion) for the second quarter of 2025, bringing its total profits for the first half of the year to US$5.7 billion (AU$8.87 billion) — a 9.6% increase from the previous year. In a notable disclosure, the company revealed its substantial holdings of US Treasuries, amounting to US$127 billion (AU$197 billion), making it one of the largest holders of U.S. government debt, comparable to Saudi Arabia’s holdings as of May, according to data from the U.S. Treasury Department.
CEO Paolo Ardoino has announced plans for a new venture targeting the U.S. market, aimed at creating a "best-in-class product suite" designed specifically for this already efficient market. Ardoino stated, "USDt growth is accelerating," highlighting Tether’s significant lead over its closest competitor in the stablecoin sector.
Tether continues to dominate the stablecoin landscape, boasting a market share of 61.7% and a total market capitalisation of US$164.5 billion (AU$255 billion), as reported by CoinGecko. Despite its robust position, competitors such as Circle, the issuer of USDC, are making notable strides, having recently gone public with their shares soaring from US$31 (AU$48) to US$186 (AU$289). Additionally, PayPal has launched a new crypto checkout system for U.S. merchants, further enhancing the competitive landscape.
As the stablecoin market evolves, these developments highlight Tether’s ongoing efforts to solidify its position while adapting to an environment increasingly crowded with innovative products and services.
