Tether Attestation has released the financial report for the first three quarters of 2025. As of the end of the third quarter of 2025, the company's net profit for the year has exceeded 10 billion US dollars. As of September 30, 2025, Tether has more than 500 million global users, with 6.8 billion US dollars in excess reserves as financial buffer. The new USDT issued this year has exceeded 17 billion US dollars, and the total circulation of USDT has exceeded 174 billion US dollars. Tether's total exposure to U.S. Treasury bonds (direct and indirect) has reached a historical high of about 135 billion US dollars, making it one of the largest holders of U.S. government debt in the world, ranking 17th in the national rankings, surpassing South Korea. In addition, Tether holds gold and bitcoin reserves of 12.9 billion US dollars and 9.9 billion US dollars respectively, accounting for about 13% of the total reserves. The financial report shows that the total liabilities of the company are 174.45 billion US dollars, of which 174.57 billion US dollars are related to issued digital tokens. As of the end of the third quarter, the value of Tether's assets exceeds its liabilities by 6.78 billion US dollars.