系绳高于美国国债的$ 120B

Tether International Sa de CV（TI）发布了BDO审核的第1季度2025证明，确认了以财务实力为标志的创纪录的季度，并增加了全球对美元的采用。

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

根据其最新证明，最大的Stablecoins发行人Tether报告了创纪录的季度，营业利润超过10亿美元。

Key Takeaways:

关键要点：

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

*系绳的美国财政部持有，包括间接敞口，达到了近1,200亿美元，是该公司历史上最高的。

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

*保守派储备战略帮助束缚报告了超过10亿美元的营业利润，主要是由财政投资驱动的。

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

*投资组合中的黄金资产有助于抵消了一些加密市场的波动。

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

*该公司还拥有56亿美元的超额储量，展示了强大的流动性职位。

* 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，供应量增长了70亿美元，而创建了4600万个新钱包，比上一季度增长了13％。

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

*钱包创作中的这种激增凸显了Tether的Stablecoin的全球信任日益增长，这是可靠的，基于美元的资产。

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₮的发行人，已发布其2025年第一季度证明，该证明是由BDO审核的。

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

该报告证实了Tether的持续财务实力和韧性，甚至在市场动荡中。证明还强调了全球范围内的不断扩大。

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.

根据该报告，特ether的美国财政部持有，包括通过美国财政部证券，美国财政部票据和美国国库账单，截至2025年3月31日底，这些持有票价为1,198亿美元。这些直接和间接的敞口在美国国债中是该公司历史上最高的。

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

保守派储备战略还帮助束缚报告该季度的营业利润超过10亿美元，这主要是由财政投资驱动的。

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.

该公司截至2025年3月31日的三个月的损益表报告说，营业利润为1,040,560,060美元。这笔利润在很大程度上归因于美国国库券的净收益，总计为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报告说，净亏损为7.08亿美元，这主要是由于比特币的价格崩溃的加密货币持有量的重大损害。但是，本季度有些复苏，实现数字资产的2.47亿美元收益。

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.

作为减轻加密市场波动率的战略的一部分，Tether的投资组合还包括黄金资产，这有助于抵消加密货币领域的某些波动性。

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

该公司现在持有56亿美元的超额储备，展示了强大的流动性职位。

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，美元的总供应量为364亿美元，使用Tether's代币，有2.38亿个活动钱包。

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，供应量增加了70亿美元，而创建了4600万个新钱包，这表明了Tether的Stablecoin的全球信任日益增长，这是可靠的，基于美元的资产。

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

这与上一季度相比，钱包总数增加了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业务外，Tether还投资了新兴领域。通过绳索投资，该公司已在包括AI，可再生能源和分散的通信在内的新技术上耕种了超过20亿美元的新技术。

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，系绳投资的这些投资不属于美元储备金的一部分，并且在财务报表中分别披露。

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.

最新证明还标志着萨尔瓦多（El Salvador）Tether的第一个整个监管监督，现在它是持牌的Stablecoin发行人。这是扩大其合规性足迹的重要一步。

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

今年早些时候，Tether获得了在El Salvador签发Stablecoins的许可，成为该国第一家这样做的公司。

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.

这一举动是系泰特（Tether）扩大其运营并遵守主要市场的本地法规的更广泛战略的一部分。埃尔·萨尔瓦多（El Salvador）是该地区最早引入法律框架的国家之一。