Tether International has announced a net profit exceeding $10 billion for the first three quarters of 2025, according to its Q3 audit report. The circulating supply of its stablecoin, USD₮, increased by $17 billion this quarter, reaching a total of $174 billion. Tether's holdings of US Treasury bonds stand at approximately $135 billion, placing it 17th globally in terms of holdings. As of September 30, Tether's reserve assets were reported at $1,812.231 billion, with liabilities of $1,744.454 billion, resulting in excess reserves of $6.778 billion. The company also holds $12.9 billion in gold and $9.9 billion in Bitcoin, which constitutes about 13% of its reserves. Additionally, Tether has settled a lawsuit with Celsius using its own funds and has applied for a private alternative investment fund license in El Salvador.