Tether Posts Record Profits—Turns Treasury Bills Into Crypto’s ATM

Tether’s Q1 2025 earnings report drops like a mic: $4.5B in net profits, fueled by aggressive Treasury bill plays. The stablecoin giant now holds more US debt than most sovereign nations—ironic for an asset that ’isn’t a security.’

How? By doing what banks won’t. While traditional finance clings to 0.5% yields, Tether’s 5.4% returns on $90B+ reserves prove crypto’s dirty secret: the real money’s in playing the system, not disrupting it.

Closing thought: When your ’stablecoin’ makes hedge-fund returns, maybe ’peg’ just means ’profit engine.’

Tether Report

The report revealed that Tether’s portfolio includes U.S. Treasury securities valued at approximately $98.5 billion, $6.3 billion in money market funds, and $15 billion in reverse repurchase agreements. The positive trend in the performance of these asset categories was influential in the earnings achieved. The diversity in the company’s portfolio is also considered noteworthy for risk management.

Tether: “During a quarter marked by market fluctuations, we achieved record-level results. Our total U.S. Treasury exposure approached $120 billion.”

Increase in Users and Audit Process

The report indicated that the circulating amount of USDT increased by approximately $7 billion during the same period, and user wallets grew by 46 million. The company mentioned that these increases occurred in parallel with global demand. These developments illustrate the strengthening of Tether’s position in the crypto asset market.

Additionally, Tether’s subjection to audits under El Salvador’s crypto asset framework was recorded as a significant development. During this period, when the company began aligning with local regulations, the procedures to be followed under audit mechanisms are being closely monitored.

The report also revealed that in addition to investment strategies and income, assets like gold played a role in balancing fluctuations in volatile markets. This strategy, backed by traditional investments, is observed to bolster the company’s financial stability.

The data obtained demonstrate that the increase in Tether’s portfolio size and user count supports its financial performance. The figures presented in the company’s report provide clues about the success of its investment strategies. This situation may increase expectations for similar performance in the future.