Tether Reports $1B+ Profit in Q1 2025 as Treasury Holdings Approach $120B
Tether’s Q1 2025 attestation reveals robust financial performance despite crypto market volatility. The stablecoin issuer recorded over $1 billion in operational profit, while its U.S. Treasury holdings surged to nearly $120 billion—a new milestone. Verified by BDO, these figures underscore Tether’s growing dominance in the digital asset ecosystem.
While the $1 billion profit marks a significant drop from Q4 2024’s $6 billion windfall, the earlier quarter included substantial unrealized gains from Bitcoin holdings. The latest results highlight Tether’s ability to maintain profitability even during turbulent market conditions.