Key insights:
- Tether reported over $1 Billion in operating profit during the first quarter of 2025.
- The company’s exposure to U.S. Treasuries reached an all-time high of nearly $120 Billion.
- Total assets stood at $149.27 Billion, while liabilities were reported at $143.68 Billion.
Tether (USDT) disclosed strong financial figures in its Q1 2025 attestation, showing rising confidence in its reserves.
The stablecoin issuer achieved $1 Billion in operating profits as it maintained record-high U.S. Treasury investments amounting to $120 Billion.
The report, verified by BDO, a top-five independent accounting firm, shows that Tether continues to strengthen its financial position.
The official records presented total assets worth $149.27 Billion, which surpassed liabilities that amounted to $143.68 Billion.
The stablecoin issuer supported every single USDT issued with full asset reserves, which provided users with strong confidence through their $5.6 Billion excess reserve pool.
Tether operates under regulation in El Salvador and holds a stablecoin issuer license under the country’s Digital Assets framework.
The financial outcomes emerged during a period when the company advanced its worldwide user count and executed infrastructure programs alongside lengthy financial investments.
This growth supports Tether’s stablecoin operations while reinforcing its presence in the regulated digital asset ecosystem.
Through careful asset allocation and risk management, Tether has maintained price stability and liquidity.
Tether Hits $120B in Treasury Holdings
Tether has reached an all-time high in U.S. Treasury exposure, approaching $120 Billion in total value.
The portfolio contains investments in direct holdings, money market funds, and reverse repurchase agreements in short-term, highly liquid securities.
The company’s Treasury holdings resulted in over $1 Billion in operating profit during Q1 2025.
The company achieved high financial stability and maintained high liquidity through its conservative investment policy, which relied on traditional financial instruments.
The company’s earnings received additional support from successful operations within its gold holdings sector, which buffered against movements in cryptocurrency market values.
Tether emphasized that its gold assets acted as a natural hedge amid market swings in the digital asset space.
The company safeguards its cash reserves through instruments that can convert directly to cash whenever needed.
This liquidity ensures Tether can meet redemptions without delays while protecting against price instability.
The reserve composition and performance transparency add to Tether’s reputation in the stablecoin market.
Global USDT Users Now Exceed 415 Million
USDT experienced significant growth in circulating supply and wallet usage during Q1 2025, reflecting widespread market adoption.
The total supply of the stablecoin surged by nearly $7 Billion, resulting in an overall issued token count of $143.68 Billion in quarter-end statistics.
The rise in wallet numbers increased by 13%, registering 46 million new users who joined this protocol.
The worldwide user registration reported by BDO shows that the global user base currently exceeds 415 million.
This rising adoption is attributed to users utilizing Tether for savings and day-to-day transactions across emerging and developed economies.
Tether reported that 37% of its users now hold USDT primarily as a savings instrument.
The $30 Billion daily average represents active platform usage because it demonstrates strong liquidity and usage throughout various platforms.
Tether’s scale and reliability have supported this growth, ensuring efficient transfers and robust trading activity.
The expanded footprint of the stablecoin can be identified through a combination of rising supply and wallet creation and transaction volume growth.
Tether Gains Regulatory Approval in El Salvador
Tether now operates under regulatory oversight in El Salvador after receiving authorization under the nation’s Digital Assets regime.
The company enters a new developmental stage by adopting local compliance standards. El Salvador has become a central hub for Tether’s regulated activities in Latin America.
Up to $5.6 Billion worth of additional reserves surpass the required backing for USDT circulation.
Excess reserves are a protective mechanism stabilizing market conditions and meeting quick redemption needs. Tether confirmed that these assets are liquid, ensuring cash demands are met without risk.
The attestation also showed Tether’s ability to remain financially resilient while growing in scale and operational strength.
The company is dedicated to transparency and preserving capital while considering world expansion.
Tether plans to remain a stablecoin leader through regulatory participation in emerging markets.
They have also allocated over $2 Billion toward strategic investments under its division, Tether Investments.
Notably, Tether invests in peer-to-peer communications markets, artificial intelligence solutions, data infrastructure innovations, and renewable energy development.
The company’s long-term assets exist independently of the backing reserves supporting the issued tokens.
CEO Paolo Ardoino has emphasized Tether’s role in creating infrastructure for a decentralized digital future.
Current developments include the Wallet Development Kit and Tether AI, which are designed to improve accessibility and integration.
Ardoino described Tether AI as a decentralized and unstoppable peer-to-peer platform for future applications.
