Tether’s U.S. Treasury Holdings Reach Record High of Nearly $120 Billion
Tether, the company behind the popular USDT stablecoin, has reported impressive financial results for the first quarter of 2025. According to their latest quarterly report, Tether made over $1 billion in operating profit during this period, despite challenges in the crypto market. The company’s investments in U.S. Treasurys have also reached nearly $120 billion, marking a significant milestone in its history.
With a total circulation of around $150 billion, Tether’s USDT remains the largest U.S. dollar-backed stablecoin in the world. The company has a strong track record of transparency, regularly releasing detailed reports to showcase the reserves backing USDT.
As of the end of Q1 2025, Tether’s U.S. Treasury exposure includes a combination of direct investments and indirect holdings through money market funds and reverse repurchase agreements. Direct investments in Treasurys accounted for approximately $99 billion of the total.
While Tether’s profit in Q1 2025 was lower than the previous quarter, which saw a significant increase driven by gains from Bitcoin and gold, the company still managed to generate over $1 billion in profit. This time, the majority of the profit came from steady returns on U.S. Treasurys, with gold serving as a hedge against volatility in the crypto market.
Overall, Tether’s financial performance in the first quarter of 2025 demonstrates the company’s resilience and strength in the market. With a solid foundation of U.S. Treasury investments and a commitment to transparency, Tether continues to be a leading player in the stablecoin space.
For more information on Tether’s latest financial report, you can visit their official website here.