💰 2025 Tether Balance Settlement Original Report USDT Total Issuance $ 186,539,895,593 Tether Reserve Value $ 192,877,729,144 (103.4%) Net Capital (Reserves - Issuance) $ 6,337,833,551 Reserve Composition - Total $ 192.88B - Cash Equivalents (Treasury Bonds, Cash, etc.) $ 147B - Corporate Bonds: $ 3M - Precious Metals (Gold): $ 17.5B - Bitcoin: $ 8.43B - Other Investments: $ 2.76B - Collateralized Loans: $ 17.0B ✍️ Not all profits go to the reserves; a significant portion goes into Tether's pockets. Therefore, the actual surplus capital is estimated to be much higher.