In a recent assurance report, Tether, the world's largest stablecoin issuer, revealed its substantial excess reserves, totaling over $3.3 billion as of June 30.
This surplus is the result of profits generated by the issuer's existing reserves, solely dedicated to backing its USDT tokens, which are designed to maintain a 1:1 parity with the US dollar.
The company's commitment to transparency is evident in its disclosure of direct and indirect exposure to US Treasury bills and Treasuries collateralizing the Overnight Repo.
When aggregated together, the amount of Treasuries supporting Tether's stablecoins reaches about $72.5 billion.
During Q1, Tether saw a net profit of $1.5 billion, followed by over $1 billion between April and June.
Of the Q2 profit, $115 million was allocated to share buybacks, while the remaining funds bolstered the company's excess reserves.
As of June 30, Tether's consolidated total assets stood at $86.5 billion, with liabilities at $83.2 billion, of which $83.17 billion relates to digital tokens issued.
This surplus of nearly 4% refutes previous concerns about the firm's solvency.
Tether's Chief Technical Officer, Paolo Ardoino, emphasized the importance of the stablecoin's reliable reserves, acting as a "counterbalance" to recent bank failures linked to fractional reserve lending and duration mismatches.
While Tether initially disclosed holding 2% of its reserves in Bitcoin (BTC) during Q1, its latest report did not provide updates on the company's Bitcoin allocation.
However, Ardoino clarified that a relatively small portion of Tether's profits are invested in the Bitcoin mining industry.
The bulk of Tether's assets, 85% to be exact, are in "cash and cash equivalents," ensuring the reserves remain highly liquid.
This financial strength is a critical aspect of Tether's approach to safeguarding its stablecoin against economic challenges.
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AnaisCircle, the USDC stablecoin issuer, has filed for an IPO with the SEC amidst tech market turbulence and Nasdaq’s worst quarter since 2022. It faces stiff competition and economic challenges, including fluctuating interest rates.
KikyoTether has purchased 8,888 BTC for $735 million, increasing its Bitcoin holdings to 92,647 BTC, as part of its strategy to strengthen reserves with Bitcoin.
AnaisWirex has launched Wirex Travel, offering up to 65% off hotel bookings and 8% cashback on Wirex card payments. Users can book with fiat or crypto, including Bitcoin and Tether, while accessing exclusive deals. This move challenges Binance-backed Travala in the crypto travel market.
CatherineTether purchased $33.1 billion in U.S. Treasury securities, becoming the seventh-largest holder of U.S. government debt. This move strengthens the stability of its USDT stablecoin and highlights its growing role in both digital and traditional finance.
AnaisRussia is increasingly using cryptocurrencies like Bitcoin and Tether to conduct oil trade with China and India, bypassing Western sanctions. The use of intermediaries and offshore accounts has made crypto a key tool in these transactions, speeding up operations despite financial restrictions.
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KikyoMetro Singapore has teamed up with dtcpay to enable stablecoin payments for online and in-store purchases at Metro Paragon and Metro Woodlands, supporting USDT, USDC, FDUSD, and WUSD.
CatherineBank of America plans to launch a USD-backed stablecoin once US lawmakers approve the regulatory framework. The move could bring stablecoins into mainstream consumer banking, increasing competition among major financial institutions.
WeatherlyCircle's CEO, Jeremy Allaire, is calling for mandatory registration of stablecoin issuers in the U.S. to ensure transparency and protect consumers. Meanwhile, U.S. lawmakers and regulators are intensifying efforts to create clear rules for stablecoins, with growing scrutiny on companies like Circle and Tether.
AnaisSolana has launched ‘Confidential Balances’ on its mainnet, allowing token transfers, balances, and supply data to be hidden using zero-knowledge proofs. The system supports privacy while offering optional oversight for regulators, aiming to attract institutional use.
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CatherineThe FBI secretly ran a dark web money laundering scheme for nearly a year after arresting the original operator, Anurag Murarka. They used the sting to catch cybercriminals and stop over $1.4 million in illegal crypto transfers.
AnaisSingapore is emerging as a leading crypto hub, with Gen Z and millennials increasingly using digital assets for everyday payments despite ongoing challenges.
KikyoJanover, a commercial real estate platform, raised $42 million through convertible notes and warrants, with backing from Pantera Capital, Kraken, and Arrington Capital. The company plans to invest heavily in Solana (SOL) and integrate blockchain into real estate finance under new leadership from former Kraken executives.
WeatherlyJapan’s iconic cherry trees, long celebrated for their seasonal beauty, are beginning to show signs of age. In response, researchers have developed an innovative AI tool that analyzes images of the blossoms to monitor their health.
CatherineStrategy may be forced to sell some of its Bitcoin if prices drop further, despite Michael Saylor’s long-time promise to never sell. A new SEC filing revealed financial pressure from debt and falling markets could break the company’s “HODL” stance.
WeatherlyChina has registered 346 generative AI services as of March 31, 2025, to regulate their development and ensure transparency. The new rules require AI providers to disclose model names and registration numbers, aiming to control AI’s impact on public opinion and social actions.
AnaisUS stock and crypto markets jumped after the president announced a 90-day tariff pause for all countries except China, now facing a 125% levy. Over 75 nations have entered trade talks to avoid escalation. Trump sparked controversy, claiming leaders are “calling us up, kissing my ass” for deals. As tensions rise, could this bold or stupid trade strategy trigger a financial crisis?
CatherineKraken’s Mastercard crypto debit cards are set to launch in the coming weeks, with clients now able to join a waitlist for early access to the highly anticipated product.
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