Tether Builds ‘Crypto Fed’ with Sovereign-Sized Reserves

Recent reports reveal Tether is operating on a scale resembling that of sovereign nations. Its latest Q2 2025 attestation, from BDO, shows a staggering $162.57 billion in assets, surpassing its liabilities by $5.46 billion. This surplus, significantly larger than what’s needed to redeem all tokens, is rare in the stablecoin market and almost unheard of in crypto.