Tether’s U.S. Treasury Holdings Near Record $120B Amid Strong Q1 2025 Performance
Tether’s latest attestation report, audited by BDO, reveals a staggering $120 billion exposure to U.S. Treasuries—just shy of its all-time high. The stablecoin issuer generated over $1 billion in operating profits from traditional investments during Q1 2025, while maintaining $5.6 billion in excess reserves.
USD₮ circulation surged by $7 billion this quarter, reflecting growing institutional adoption. The independent audit confirms Tether’s financial transparency as it solidifies its position as the dominant force in stablecoin reserves management.