Leading stablecoin issuer Tether has reported a quarterly group net profit of $2.5 billion as key financial metrics reach new all-time highs.

Tether’s impressive quarterly financial strides continued on Thursday after the stablecoin issuer reported another massive profit. In the October 31 attestation report, Tether recorded a net profit of $2.5 billion in the year’s third quarter.

After disclosing a record-breaking $5.2 billion profit in the first half of the year, the latest $2.5 billion quarterly earnings take the firm’s nine-month consolidated profit to an unprecedented $7.7 billion. Furthermore, the USDT issuer recorded a group equity of $14.2 billion and total assets of $134.4 billion, its highest ever.

Meanwhile, over 50% of the $2.5 billion profit emanated from Tether’s exposure to US debts. The stablecoin issuer reported realizing $1.3 billion from US Treasury holdings and $1.1 billion from its gold stash. Gold surged to new all-time highs, growing over 15% in the last quarter.

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