Why Tether Looks More Like a Central Bank Than a Stablecoin Issuer

November 10, 2025

, By Cointelegraph

Why Tether Looks More Like a Central Bank Than a Stablecoin Issuer

Blockchain

Share via:

Key takeaways

Tether operates a Treasury- and repo-heavy balance sheet, holding $181.2 billion in reserves against $174.5 billion in liabilities, leaving $6.8 billion in excess.
High interest rates have turned those reserves into profit, generating more than $10 billion in interest income so far in 2025, which is uncommon for a typical crypto issuer.
It exercises policy-style levers by freezing sanctioned wallets, shifting supported blockchains and allocating up to 15% of profits to Bitcoin.
The central bank comparison has limits. Tether has no public…

Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Loss Narrows 22% YoY To INR 154 Cr

Next News

Microsoft hits the breaks on Windows 11 File Explorer ‘recommended files’ feature

Cointelegraph

Why Tether Looks More Like a Central Bank Than a Stablecoin Issuer

November 10, 2025

, Published By Cointelegraph

Blockchain

Key takeaways

Tether operates a Treasury- and repo-heavy balance sheet, holding $181.2 billion in reserves against $174.5 billion in liabilities, leaving $6.8 billion in excess.
High interest rates have turned those reserves into profit, generating more than $10 billion in interest income so far in 2025, which is uncommon for a typical crypto issuer.
It exercises policy-style levers by freezing sanctioned wallets, shifting supported blockchains and allocating up to 15% of profits to Bitcoin.
The central bank comparison has limits. Tether has no public…

Source link