Tether, a significant player in the stablecoin market, reports over a billion dollars in Q1 2025 operating profits.
Hey there, crypto enthusiasts! We're excited to share the juicy details from Tether's Q1 2025 financial report. Here's a breakdown of our impressive results:
Record-Breaking Operating Profits 💰
Thanks to our solid performance in traditional investments, we generated over $1 billion in profit during the first quarter of 2025. The great returns were mostly driven by the strong performance of our U.S. Treasury portfolio [1][3].
U.S. Treasury Exposure 📈
Our U.S. Treasury exposure reached an all-time high of nearly $120 billion, taking into account both direct and indirect investments (through money market funds and reverse repurchase agreements) [1][3][5].
Growing Asset and Liability Position 📈
On March 31, 2025, our total assets amounted to $149.3 billion, with liabilities of approximately $143.7 billion. This means we've got a reserve of $5.6 billion to keep things running smoothly [1][3].
Booming User Growth and USDT Circulation ☝️
We've got some exciting numbers to share! The circulating supply of our USDT stablecoin grew by around $7 billion during Q1 2025, with a 13% increase in active wallets (adding over 46 million new users) [1][3].
Regulatory Oversight 📈
This financial attestation was conducted under the watchful eye of El Salvador's regulatory framework, signaling a new era of accountability for Tether [1].
Despite these impressive figures, our profits dropped by roughly 83% compared to previous quarters, primarily due to reduced gains from Bitcoin and gold investments [5].
Stay tuned for more updates!
Sources:
[1] Tether, Q1 2025 Financial Attestation
[2] Tether, Company Background
[3] Tether, U.S. Treasury Exposure
[4] Treasury Direct, U.S. Treasury Securities Marketable Data
[5] Tether, Annual Performance Metrics
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- In Q1 2025, Tether's solid performance in traditional investments, including cryptocurrencies like Bitcoin, drove a significant portion of the over $1 billion in operating profits.
- The growth of Tether's business is also evident in the booming user base and circulation of its USDT stablecoin, with a 13% increase in active wallets and the addition of over 46 million new users during Q1 2025.
- To maintain transparency and accountability, Tether's financial attestation for Q1 2025 was conducted under the regulatory oversight of El Salvador's framework, marking a new era for the company's operations.
