According to Paolo Ardoino, Tether has released its Q2 2025 attestation showing $157.1 billion USDt issued and $162.5 billion in total assets or reserves as of June 30, 2025. The report confirms $5.47 billion in excess reserves, reinforcing the full backing of all issued USDt with 100% liquid assets. This strong reserve position enhances market confidence in USDT's stability and liquidity, which is critical for traders relying on stablecoin pairs for arbitrage and risk management in volatile crypto markets. Source: Paolo Ardoino.