Tether Q1 Report: Holds Nearly $120 Billion in U.S. Treasury Bonds, Confirms Quarterly Operating Profit Exceeding $1 Billion

BlockBeats News, May 1st, Tether International today released its Q1 2025 Quarterly Report, which was completed by BDO, one of the world's top five global independent accounting firms. The report confirms the accuracy of Tether's financial data and Reserve Report (FFRR) and provides a transparent breakdown of the assets supporting the fiat-pegged stablecoins as of March 31, 2025.

The report states that Tether's total exposure to U.S. treasuries (including money market fund and reverse repurchase agreements' indirect holdings) has reached a historical high of nearly $1.2 trillion, which not only validates its conservative reserve management strategy but also highlights Tether's crucial role as a hub for the large-scale distribution of USD liquidity.

Tether's Q1 traditional investment portfolio realized over $1 billion in operating profit, primarily benefiting from the robust performance of its U.S. treasury holdings, while the gold investment almost entirely offset the volatility impact of the crypto market. Additionally, the USDT circulation increased by approximately $7 billion in the first quarter, as of March 31, 2025, the management confirmed the following key data:

• Issuer's total assets amount to at least $149,274,515,988

• Issuer's total liabilities are $143,682,673,588, of which $143,678,070,758 are liabilities from issued digital tokens

• Issuer's assets fully cover its combined liabilities

• Own investments in emerging areas such as AI, energy, etc., through Tether Investments are not included in the token reserve

• Approximately 46 million new USDT wallets were added this quarter, representing a 13% increase from the previous period