DeFiance Daily – Tether just dropped its Q2 2025 attestation, revealing $4.9 billion in quarterly profit and over $127 billion in U.S. Treasury exposure—making it one of the largest holders of U.S. government debt in the world. With $20 billion in new USD₮ issued year-to-date and reserves now topping $162 billion, Tether is positioning itself not just as a stablecoin leader, but as a global financial force.