Tether, issuer of the largest digital currency 'stablecoin,' has reported a staggering $10 billion profit for the first three quarters of 2025, outpacing Bank of America and closing in on Wall Street powerhouses Goldman Sachs and Morgan Stanley. The milestone puts the world’s largest stablecoin issuer in the same league as some of the most profitable financial institutions in the world. Advertisement

Vijay Shekhar Sharma, founder of PayTM, hailed the company’s performance on X, writing: “The most profitable fintech in world! Tether reported $10 billion in profit for the first three quarters of 2025—surpassing Bank of America, and nearing Goldman Sachs and Morgan Stanley’s earnings.”

Tether’s income of $10 billion eclipsed Bank of America’s $8.9 billion profit and nearly doubled that of

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