Tether Inc. reported holding approximately $192.88 billion in reserve assets as of December 31, 2025, against liabilities of about $186.54 billion, resulting in a surplus coverage of $6.34 billion. During the reporting period, Tether achieved financial earnings of approximately $10.11 billion and distributed dividends of around $10.86 billion to shareholders. Consequently, the company's net assets decreased from about $7.09 billion to approximately $6.34 billion by the end of the period. The reserve assets primarily consist of short-term U.S. Treasury bills, reverse repurchase agreements, cash, and bank deposits, along with precious metals, Bitcoin, other investments, and fully collateralized loans.