Tether Announces $1B Profit in Q1 2025, US Treasury Holdings Near $120B

Tether has announced its first-quarter results for the year 2025, where it recorded over $1 billion in profit. The company, known for running the USD₮ stablecoin, said it recorded U.S. Treasury holdings of almost $120 billion.

Tether, the company behind the widely used stablecoin USD₮, has announced its first-quarter results for the year 2025. The company reported a profit of over $1 billion and U.S. Treasury holdings of almost $120 billion.

According to the report, which was verified by global accounting firm BDO, Tether's total assets stood at approximately $149.3 billion, and total liabilities were reported at around $143.7 billion, as of March 31, 2025. This leaves the company with an extra $5.6 billion in reserves.

A large portion of Tether's profits this time came from its investments in U.S. Treasuries, which are known for their safety and pay interest.

In the previous quarter, Tether reported a one-time profit of $6 billion, which included unrealized gains from its Bitcoin and gold holdings. However, this time, the profit came from more stable sources.

According to the report, USD₮'s circulating supply rose by roughly $7 billion during the quarter, and the active user wallet base increased by 13%, adding 46 million users.

Tether also said it invested more than $2 billion in the quarter in promising technologies like artificial intelligence, clean energy, and data infrastructure. These investments are separate from the funds used to directly collateralize the USD₮ token.

This was also the first full quarter where Tether operated under new regulations in El Salvador, where it now has a license to issue its stablecoin, adding a layer of official oversight.

"Q1 2025 showcases Tether's continued leadership in stability, strength, and vision as we navigate the rapidly evolving digital asset landscape," said Paolo Ardoino, CEO of Tether. "We remain focused on delivering trust, transparency, and value to hundreds of millions of users around the world."

Also Read: Tether Gold (XAU₮) Attestation Released, $770M Market Cap