💰Tether: Q2 net profit was $4.9 billion, bringing the first half of the year's cumulative profit to $5.7 billion. Tether @Tether_to released its Q2 2025 business report last night. Key points are as follows: 1. The audit report completed by the independent accounting firm BDO confirms that Tether's financial data and fund reserves (FFRR) are accurate as of June 30, 2025. Total assets were $162,574,933,798, and total liabilities (token issuance is considered a liability) were $157,108,009,474, with assets exceeding liabilities. 2. In Q2 2025, Tether issued $13.4 billion in new USDT, bringing the total USDT in circulation to over $157 billion (a year-to-date increase of $20 billion). 3. As of the end of Q2, Tether's total exposure to U.S. Treasury securities reached $127 billion (an increase of $80 billion from Q1). Tether's total holdings totaled $105.5 billion, comprising $105.5 billion in direct holdings and $21.3 billion in indirect holdings, making it one of the world's largest holders of U.S. Treasury bonds. 4. Shareholder capital in the company managing the reserves remained stable at approximately $5.47 billion (unchanged from the previous quarter), further strengthening Tether's solvency and long-term sustainability. 5. Net profit reached $4.9 billion in the second quarter of 2025, bringing the total profit for the first half of the year to $5.7 billion. Recurring profits (excluding gains from fluctuations in the market value of gold and Bitcoin) contributed $3.1 billion, while the remaining $2.6 billion came from valuation increases in gold and Bitcoin holdings.