In a world where stablecoins are the new black, Tether has once again donned its financial cape, revealing a staggering profit of $4.9 billion for the second quarter of 2025. This marks a jaw-dropping 277% leap from the previous year, as if the dollar itself had decided to take a joyride on a rollercoaster of regulatory clarity in the United States. 🎢
Ah, Tether, the proud parent of USDt (USDT), that stablecoin which clings to the US dollar like a toddler to a parent in a crowded mall. Backed by US Treasurys and cash equivalents, it reigns supreme, holding a whopping 61.7% of the stablecoin market, with a market cap that could make even Scrooge McDuck raise an eyebrow—$164.5 billion, to be precise.
As of June 30, Tether boasted $162.6 billion in assets, while its liabilities, mostly tied to token issuance, stood at $157.1 billion. A classic case of “I owe, I owe, it’s off to work I go!”
In a bold move, Tether has expanded its exposure to US Treasurys to $127 billion, overtaking South Korea to become the 18th-largest holder of these debt instruments. Who knew Tether was so keen on collecting stamps in the world of finance?
In the first half of 2025, Tether raked in a profit of $5.7 billion, a modest rise of 9.6% from the $5.2 billion it pocketed in the same period of 2024. It seems the money just keeps rolling in, like a well-oiled machine that refuses to break down.
As Tether solidifies its position, US policymakers, through the GENIUS Act (yes, that’s the actual name), are taking steps to ensure the dollar remains the reigning champion in the digital arena. Who knew legislation could sound so heroic?
Tether’s Rivals: The Plot Thickens
Meanwhile, Tether’s competitors are not sitting idly by. Circle, the proud creator of USDC, made headlines with its initial public offering in June 2025. Its stock, which debuted at a humble $31 per share, skyrocketed to $186.83 faster than you can say “market volatility.”
Fintech behemoth PayPal decided to join the party, announcing a 3.7% yield on its stablecoin in April 2025. And let’s not forget World Liberty Financial, one of Trump’s crypto ventures, which has launched its own stablecoin and thrown $10 million into Falcon Finance to build a blockchain infrastructure. Because why not? 💸
In July, Trump signed the GENIUS Act into law, marking the first legislation aimed at stablecoins and their issuers in the United States. Talk about a power move!
On the European front, Jürgen Schaaf, an adviser to the European Central Bank, warned that the EU risks falling behind in the dollar dominance game without common rules for stablecoins. Meanwhile, Deutsche Bank, Galaxy, and Flow Traders have introduced a EURO-backed stablecoin on the Ethereum blockchain. The race is on, folks!
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2025-07-31 22:56