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Tether vs. Wall Street 💰

Tether vs. Wall Street 💰

Stablecoin giant Tether just reported a whopping $10 billion in profits for the first nine months of 2025, beating some banking giants in the process.

Andrew Hayward
October 31, 2025

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📝 What you need to know

Tether, the world's largest stablecoin issuer, revealed a massive $10 billion profit for the first nine months of 2025. To put that in perspective, Tether has outearned Bank of America and nearly doubled U.S. Bank's profits during that span. It’s also nipping at the heels of Wall Street heavyweights like Morgan Stanley and Goldman Sachs, which pulled in around $12.5 billion each.

Sure, JP Morgan dominates with $44 billion in profits so far this year, but it's still a hefty haul for a privately owned crypto company based in El Salvador. In Q3 alone, Tether issued over $17 billion in USDT tokens, pushing the total supply past $184 billion.

Tether Reports $10 Billion Profit in 2025 So Far—Here's How That Compares to the Big Banks

Stablecoin giant Tether is making billions on its US Treasury reserves, putting it in league with some of Wall Street’s top earners.

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