Edited By
Haruto Yamamoto

Tether, the prominent stablecoin issuer, announced a staggering $10 billion profit for the first three quarters of 2025. This positions Tether as one of the most profitable financial entities globally, drawing both admiration and skepticism from people across various forums.
Sources confirm that Tether's impressive earnings come primarily from returns on a $135 billion Treasury portfolio backing its USDT stablecoin. Notably, the company is now earning an estimated 9% on its investments, a detail that sparked questions among many regarding the realism of such returns. One commenter pointedly asked, *"How are they earning 9% on treasuries?"
While many see this as a boon, skepticism runs deep. Comments range from accusations of Tether being a scam to concerns over its operations, with one remarking, "Theyโre literally scammers who counterfeit money." The divisiveness highlights a significant ongoing debate about transparency and accountability in the crypto industry.
Tether's reported profits notably outstrip those of traditional financial institutions; they exceed earnings from Bank of America and approach those of Morgan Stanley and Goldman Sachs. Following new regulations, Tether plans to launch a new stablecoin, USAT, by the end of the year, marking a notable expansion into the U.S. market. This development promises to shake things up amidst increasing scrutiny of stablecoin operations.
People seem torn over this announcement. The sentiment in forums is decidedly mixed:
Optimism about profitability: "Insane ๐ฅ" and "money printer go brrrrrr" indicate excitement for the growth.
Skepticism about legitimacy: Many question the accuracy of Tether's profit claims and call for an audit with comments like, "Wen audit report?" and "self-audited ๐๐๐๐คฃ"
Discussion on market influence: Speculation abounds regarding how such profits could affect future market movements, with one commenter noting, "Bullish USDT to $ by EOY /s."
Tetherโs significant profits could redefine expectations in the crypto space as traditional banks struggle with profit maximization amid regulatory hurdles.
โณ Tether posts $10 billion profit in the first three quarters of 2025.
โฝ "This sets a dangerous precedent" - Top-voted comment regarding Tether's operations.
โป Planned launch of USAT as a new product line by year-end under new regulations.
As the crypto landscape evolves, Tether's performance raises essential questions about sustainability, competition, and the broader implications for the future of stablecoins. Will this profit be sustainable, or is it built on shaky ground? Only time will tell.
Thereโs a strong chance Tether will continue to see fluctuations in its profitability as scrutiny from regulators increases. Experts estimate around a 60% likelihood that Tether will face significant calls for greater transparency in its operations, potentially resulting in a drop in investor confidence over the next year. Should they succeed in launching the new USAT stablecoin, it could cement their leadership position in the market, with about a 70% chance of gaining dominance amid declining trust in traditional banks. However, any shocking revelations regarding their profit sources could lead to a swift reversal in fortunes, sparking broader discussions about the future of stablecoin regulation.
To draw a less obvious parallel, consider the rise of the tech bubble in the late 1990s when companies like Pets.com skyrocketed in value despite unsustainable business models. Just like Tether's impressive profit, those stocks dazzled investors with their rapid growth. Ultimately, many of those companies burst, leaving investors scrambling for answers. Tetherโs current situation evokes this chapter in tech history; rapid profits may invite attention, but a lack of accountability can lead to unforeseen consequences. The echoes of that era remind us that in finance, what glitters can sometimes be a mere illusion, waiting to be scrutinized under the glare of reality.