Crypto Industry Sees Record Profits, Partnerships, and Regulation Shifts

The third quarter of 2025 brought major developments in the crypto and fintech industries. From record-breaking profits by Tether and Coinbase to institutional blockchain adoption and regulatory changes, the landscape continues to evolve rapidly. Here’s a look at the most significant events shaping the market.

Tether Reports $10 Billion in Q3 Earnings

Tether announced a record $10 billion profit for Q3 2025, strengthening its position as one of the largest holders of U.S. Treasury debt. The company’s exposure to U.S. Treasuries hit new highs, reflecting growing institutional trust in its reserves. Tether also reported accelerating USDT issuance amid global economic uncertainty. This record performance reinforces its dominance in the stablecoin sector and its pivotal role in crypto liquidity.

Coinbase Revenue Surges to $1.87 Billion in Q3

Coinbase reported $1.87 billion in Q3 2025 revenue, exceeding Wall Street expectations. The company attributed its growth to increased trading activity and higher institutional engagement. Shares rose following the announcement, signaling renewed investor confidence. Coinbase continues to benefit from stronger regulatory clarity and expanding crypto adoption in the U.S.

Circle Tests ARC Blockchain with BlackRock and Visa

Circle, the issuer of USDC, began testing its new ARC blockchain in collaboration with major partners like BlackRock and Visa. The ARC network aims to provide faster and cheaper settlement solutions for institutions.

This move signals Circle’s ambition to expand beyond stablecoins into broader financial infrastructure. The pilot represents an important step toward mainstream blockchain integration in global finance.

Mastercard to Acquire Zerohash for $2 Billion

Mastercard announced plans to acquire crypto startup Zerohash for approximately $2 billion. Zerohash provides infrastructure for digital asset custody and settlement. The acquisition will strengthen Mastercard’s presence in the crypto payments sector and support stablecoin-based services. With this deal, Mastercard continues its strategy of merging traditional finance with blockchain technology.

DEX Trading Volume Exceeds $2 Trillion in Q3

Decentralized exchanges (DEXes) reached over $2 trillion in trading volume during Q3 2025, the highest quarterly figure to date. Hyperliquid emerged as the market leader, surpassing Uniswap and other established platforms.

The growth reflects users’ preference for on-chain trading amid rising regulatory oversight of centralized exchanges. This surge underscores DeFi’s expanding influence in the crypto ecosystem.

MegaETH Raises $1.39 Billion in Public Token Sale

The public sale of the MEGA token from MegaETH raised over $1.39 billion, setting a new record for token launches. The auction was heavily oversubscribed, showing strong investor demand for the project’s scalable blockchain solution. MegaETH aims to deliver near-zero latency and high throughput for decentralized applications. This massive raise positions it among the most funded crypto projects of 2025.

Western Union Files Trademark for “WUUSD”

Western Union filed a trademark for “WUUSD,” suggesting plans to launch a crypto wallet or digital dollar product. The filing includes services related to electronic transfers, wallets, and blockchain-based payments.

This step indicates Western Union’s intent to modernize its global remittance business using digital assets. The move could bridge traditional money transfers with crypto technology.

Russia Legalizes Stablecoin Issuance

Bank of Russia Governor Elvira Nabiullina confirmed that the issuance of stablecoins is now permitted under Russian law. This regulatory shift could open the door for banks and companies to develop ruble-backed digital assets.

The new framework aims to encourage innovation while maintaining state oversight. It marks a significant change in Russia’s stance toward digital currencies.

Bitcoin Records First October Loss Since 2018

Bitcoin closed October 2025 “in the red,” marking its first negative October since 2018. Analysts attribute the decline to market corrections and growing fears of a potential 36% drop. Despite the setback, long-term sentiment among institutional investors remains positive. Traders are watching key support levels to determine Bitcoin’s next major move.

South Park Launches Satirical “Crypto” Episode

The latest episode of South Park humorously tackled cryptocurrency by launching its own fictional token. The episode mocks the hype around meme coins and celebrity-backed projects. Fans praised the show for its sharp commentary on crypto culture. The parody reflects how deeply digital assets have entered mainstream entertainment.

About Paybis

Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit/debit cards, bank transfers, and e-wallets.

With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML/KYC procedures. The platform is known for its intuitive interface, 24/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.

To Sum Up

Q3 2025 showcased the crypto sector’s growing maturity, with record earnings, institutional testing, and expanding regulation. From Tether’s $10 billion profit to Circle’s blockchain trials, the industry continues to blend innovation with mainstream finance. Despite Bitcoin’s short-term decline, overall momentum remains strong heading into the final quarter of the year.

Written by

Rem Vasilenko

Rem Vasilenko is a Growth Operations Manager at Paybis. With a keen interest in FinTech, Rem brings a unique perspective to the evolving digital finance landscape. He combines his passion for FinTech with his marketing and business skills to drive innovative strategies. Find him on LinkedIn.