Tether issued 6 billion USDT in July, with total circulation increasing by $20 billion since the beginning of the year
According to Jinse Finance, Tether issued a total of 6 billion USDT in July this year. Previously, Tether released its financial report for the second quarter of 2025. The report shows that as of June 30, 2025, the circulation of USDT exceeded $157 billion, an increase of $20 billion since the beginning of the year. The financial report also indicates that Tether holds a total of $127 billion in U.S. Treasury bonds, with $105.5 billion held directly and $21.3 billion held indirectly, representing an increase of approximately $8 billion compared to the first quarter. The company achieved a net profit of $4.9 billion in the second quarter, with total profits for the first half of 2025 reaching $5.7 billion, of which recurring profits accounted for $3.1 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mortgage rates return to 7%, pending home sales in the US fall to nearly a twelve-year low
According to Freddie Mac data, the 30-year fixed mortgage rate has risen to 7.4%, the highest level in nearly three years. Data from real estate brokerage Redfin shows that the volume of existing home pending sales in September fell 4% month-on-month, marking the largest single-month drop in over three years and hitting the lowest level since 2014. Nearly one-fifth of sellers have reduced prices, and the home purchase contract cancellation rate has reached a record high of 14.5%. Inventory levels have risen to the highest since March 2020, but high financing costs continue to constrain transactions.
Mueller Water Products names Michael Morgan CFO, succeeding Melissa Rasmussen
GLD ETF Falls 0.6%
JPMorgan’s tokenized funds on Ethereum hold $844 million
Crypto prices
More
