繫繩高於美國國債的$ 120B

Tether International Sa de CV（TI）發布了BDO審核的第1季度2025證明，確認了以財務實力為標誌的創紀錄的季度，並增加了全球對美元的採用。

Tether, the largest issuer of stablecoins, has reported a record-breaking quarter with over $1 billion in operating profit, according to its latest attestation.

根據其最新證明，最大的Stablecoins發行人Tether報告了創紀錄的季度，營業利潤超過10億美元。

Key Takeaways:

關鍵要點：

* Tether's U.S. Treasury holdings, including indirect exposures, reached nearly $120 billion, the highest in the company's history.

*繫繩的美國財政部持有，包括間接敞口，達到了近1,200億美元，是該公司歷史上最高的。

* The conservative reserve strategy helped Tether report an operating profit of over $1 billion, mainly driven by Treasury investments.

*保守派儲備戰略幫助束縛報告了超過10億美元的營業利潤，主要是由財政投資驅動的。

* Gold assets in the portfolio helped offset some of the crypto market volatility.

*投資組合中的黃金資產有助於抵消了一些加密市場的波動。

* The company also had $5.6 billion in excess reserves, showcasing a robust liquidity position.

*該公司還擁有56億美元的超額儲量，展示了強大的流動性職位。

* USD₮ supply grew by $7 billion in Q1 2025, while 46 million new wallets were created, a 13% increase from the previous quarter.

*在2025年第一季度，供應量增長了70億美元，而創建了4600萬個新錢包，比上一季度增長了13％。

* This surge in wallet creations highlights the growing global trust in Tether's stablecoin as a reliable, dollar-based asset.

*錢包創作中的這種激增凸顯了Tether的Stablecoin的全球信任日益增長，這是可靠的，基於美元的資產。

Tether International S.A. de C.V. (TI), the issuer of the largest stablecoin USD₮, has released its first quarter 2025 attestation, which was audited by BDO.

Tether International Sa de CV（TI）是最大的Stablecoin USD₮的發行人，已發布其2025年第一季度證明，該證明是由BDO審核的。

This report confirms Tether's continued financial strength and resilience, even amid market turbulence. The attestation also highlights the expanding adoption of USD₮ globally.

該報告證實了Tether的持續財務實力和韌性，甚至在市場動盪中。證明還強調了全球範圍內的不斷擴大。

According to the report, Tether's U.S. Treasury holdings, including those through U.S. Treasury securities, U.S. Treasury notes, and U.S. Treasury bills, amounted to $119.8 billion at the end of March 31, 2025. These direct and indirect exposures in U.S. Treasuries represent the highest in the company's history.

根據該報告，特ether的美國財政部持有，包括通過美國財政部證券，美國財政部票據和美國國庫賬單，截至2025年3月31日底，這些持有票價為1,198億美元。這些直接和間接的敞口在美國國債中是該公司歷史上最高的。

The conservative reserve strategy also helped Tether report an operating profit of over $1 billion for the quarter, mainly driven by Treasury investments.

保守派儲備戰略還幫助束縛報告該季度的營業利潤超過10億美元，這主要是由財政投資驅動的。

The company's income statement for the three months ended March 31, 2025, reports an operating profit of $1,040,560,060. This profit is largely attributed to net realized gains on U.S. Treasury securities, which amounted to $1,039,986,038.

該公司截至2025年3月31日的三個月的損益表報告說，營業利潤為1,040,560,060美元。這筆利潤在很大程度上歸因於美國國庫券的淨收益，總計為1,039,986,038美元。

In the previous quarter, Tether reported a net loss of $708 million, primarily due to a significant impairment on its crypto holdings as Bitcoin's price crashed. However, this quarter saw some recovery with a realized gain of $247 million on digital assets.

在上一季度，Tether報告說，淨虧損為7.08億美元，這主要是由於比特幣的價格崩潰的加密貨幣持有量的重大損害。但是，本季度有些復甦，實現數字資產的2.47億美元收益。

As part of its strategy to mitigate crypto market volatility, Tether's portfolio also includes gold assets, which helped to offset some of the volatility in the crypto sector.

作為減輕加密市場波動率的戰略的一部分，Tether的投資組合還包括黃金資產，這有助於抵消加密貨幣領域的某些波動性。

The company now holds $5.6 billion in excess reserves, showcasing a robust liquidity position.

該公司現在持有56億美元的超額儲備，展示了強大的流動性職位。

At the end of the first quarter, USD₮'s total supply stood at $36.4 billion, with 238 million active wallets using Tether's tokens.

在第一季度末，美元的總供應量為364億美元，使用Tether's代幣，有2.38億個活動錢包。

During the quarter, there was an increase of $7 billion in USD₮ supply, while 46 million new wallets were created, showcasing the growing global trust in Tether's stablecoin as a reliable, dollar-based asset.

在本季度，供應量增加了70億美元，而創建了4600萬個新錢包，這表明了Tether的Stablecoin的全球信任日益增長，這是可靠的，基於美元的資產。

This represents a 13% increase in the total number of wallets compared to the previous quarter.

這與上一季度相比，錢包總數增加了13％。

In addition to its core stablecoin operations, Tether has also been investing in emerging sectors. Through Tether Investments, the company has plowed over $2 billion in new technologies, including AI, renewable energy, and decentralized communications.

除了其核心Stablecoin業務外，Tether還投資了新興領域。通過繩索投資，該公司已在包括AI，可再生能源和分散的通信在內的新技術上耕種了超過20億美元的新技術。

It's worth noting that these investments by Tether Investments are not part of the USD₮ reserve and are disclosed separately in the financial statements.

值得注意的是，繫繩投資的這些投資不屬於美元儲備金的一部分，並且在財務報表中分別披露。

The latest attestation also marks the first full quarter of regulatory oversight for Tether in El Salvador, where it is now a licensed stablecoin issuer. This is a major step in expanding its compliance footprint.

最新證明還標誌著薩爾瓦多（El Salvador）Tether的第一個整個監管監督，現在它是持牌的Stablecoin發行人。這是擴大其合規性足蹟的重要一步。

Earlier this year, Tether obtained a license to issue stablecoins in El Salvador, becoming the first company to do so in the country.

今年早些時候，Tether獲得了在El Salvador簽發Stablecoins的許可，成為該國第一家這樣做的公司。

This move is part of Tether's broader strategy to expand its operations and comply with local regulations in key markets. El Salvador was among the first countries in the region to introduce a legal framework for stablecoins.

這一舉動是系泰特（Tether）擴大其運營並遵守主要市場的本地法規的更廣泛戰略的一部分。埃爾·薩爾瓦多（El Salvador）是該地區最早引入法律框架的國家之一。