Stablecoin giant Tether has released its Q3 attestation report, revealing impressive financial performance.
Tether is positioning itself as one of the world's most profitable private companies, having achieved a year-to-date net profit exceeding $10 billion by the end of September 2025. This significant profit is largely attributed to the returns generated from its substantial reserves.
Beyond its profitability, Tether has become a significant financial entity in the traditional market. As of September 30, the company held approximately $135 billion in US Treasuries. This makes Tether the 17th-largest holder of US government debt globally, surpassing the total holdings of South Korea. The company increased its Treasury exposure by another $8 billion in the last quarter.
Tether's core business also experienced substantial growth. The circulating supply of USDT expanded to $174.4 billion, with $17 billion in new tokens issued in Q3 alone, marking the highest quarterly issuance of the year. This surge in demand contributed to their excess reserves, the buffer above total liabilities, reaching $6.78 billion.
With a global user base now exceeding 500 million and its reserves increasingly diversified into assets like gold and Bitcoin, Tether is demonstrating its evolution beyond a mere stablecoin provider. The company is rapidly emerging as a financial powerhouse with a growing geopolitical influence.
The Rise of Next-Generation Crypto Wallets
Tether's substantial growth and the increasing scale of the stablecoin market highlight the need for robust and efficient infrastructure to manage digital assets. This is where innovative solutions like Best Wallet and its native token, $BEST, are poised to make a significant impact.
As stablecoins like USDT become backed by substantial national debt, crypto wallets must evolve beyond basic storage. Best Wallet aims to redefine the user experience by offering an all-in-one management hub designed for the Web3 era. This non-custodial, multi-currency hot wallet currently supports six blockchains, including Ethereum, Solana, and BNB, with plans to expand to over 60 blockchains.
The Best Wallet application integrates essential features, including institutional-grade security and advanced user functionalities. It is designed to eliminate the need to switch between multiple crypto applications by providing a unified platform. The Best DEX aggregator is a key component, capable of identifying the best swap rates across more than 330 decentralized exchanges. Additionally, its Upcoming Tokens feature provides early access to presales, helping users identify promising projects and avoid scams.
$BEST Token: Enhancing Utility and User Benefits
The native Best Wallet Token ($BEST) is central to the ecosystem's functionality, empowering users with enhanced benefits. Holding $BEST provides users with:
- •Reduced Fees: Holders receive discounted fees on all trades and transactions within the wallet, benefiting users with frequent activity.
- •Priority Access: $BEST grants early and priority access to exclusive Upcoming Tokens presales, offering an advantage in discovering new projects.
- •Staking Rewards: Users can stake their $BEST tokens to earn competitive rewards, generating passive income.
- •Future Benefits: The roadmap includes a crypto debit card (Best Card) with exclusive perks for $BEST holders and governance rights, allowing users to participate in the platform's development.
The presale for $BEST has already garnered significant attention, raising over $16.8 million, indicating strong market interest in the token as a key component of future digital finance infrastructure. The presale is nearing its end, with only 23 days remaining. Price increases are anticipated for $BEST as it progresses towards its listing price.