- Tether’s Q1 2025 profit exceeded $1 billion, driven by a record level of U.S. Treasury holdings of close to $120 billion.
- Independent attestation affirmed Tether’s $149.3 billion of assets against $143.6 billion of liabilities, affirming conservative reserve policy and a strong liquidity position.
- USD₮ supply leaped by $7 billion due to the addition of 46 million wallets, as Tether increased long-term holdings and entered El Salvador’s regulatory environment.
Tether’s Q1 2025 report on May 1 demonstrates an impressive performance that is at variance with recent crypto market uncertainty. The leader of stablecoins delivered more than $1 billion in operating profit in the three months to date, with record U.S. Treasury holdings at almost $120 billion, the highest ever.
The independent accounting company BDO, which is one of the world’s top five firms, reviewed Tether’s financial records as of March 31. Their report confirmed that Tether holds $149.3 billion in assets, which is more than enough to cover its $143.6 billion in total debts. All this shows Tether’s careful approach to managing its reserves and keeping strong liquidity.
The dominance of the stablecoin giant was further cemented by its surplus of reserves, valued at $5.6 billion. The funds provide an essential buffer to cover any reimbursing requests, and Tether can settle these in good time. In spite of considerable market fluctuations, Tether’s treasury investments generated robust returns that supported the financial solidity of the firm.
Tether’s USD₮ Supply Surges by $7B — 46M Wallets Added
USD₮, Tether’s primary stablecoin, added around $7 billion to its circulating supply in the quarter, an indication of mounting global trust in dollar-backed assets. The count of user wallets added an estimated 46 million and rose by 13% in comparison to last quarter, an indication of overall growth in digital economies.
In addition to core stablecoin activity, Tether is directing more than $2 billion of investment in long-term strategic projects via Tether Investments. The projects span a variety of fields, ranging from artificial intelligence and renewable energy to peer-to-peer communications and data infrastructure—initiatives that do not constitute components of USD₮-backing reserves but reflect Tether’s vision of sustainable development.
At the same time, Tether stepped into a new regulatory phase in Q1 2025. The firm is licensed within El Salvador’s Digital Assets framework, making its inaugural quarter reporting directly to regulators. This move is considered an important step toward establishing greater trust and credibility in emerging and mature markets.
Treasury Exposure Reaches Historic Levels
Tether’s exposure to U.S. Treasuries, both indirect and through reverse repo agreements and money market funds, reached an unprecedented level of almost $120 billion by March’s end. The milestone reflects its pivotal contribution to providing liquidity to the world’s economy and affirming the use of the U.S. dollar in digital financing.
The attestation by Tether states that Tether’s issuing firm holds assets larger than its consolidated liabilities, where it has total reserves worth $149.3 billion and liabilities worth $143.6 billion. The company’s good results in investment in gold also assisted by counterbalancing cryptocurrency market volatility, enhancing its financial solidity even further.
“Q1 2025 showcases Tether’s continued leadership in stability, strength, and vision,” said Tether’s CEO Paolo Ardoino.
