Tether Reports $1B Q1 Profit and $120B in U.S. Treasury Holdings Amid Crypto Market Challenges
Tether International’s Q1 2025 attestation report reveals a staggering $1 billion in operating profit, underscoring the stablecoin issuer’s financial resilience. The figures, audited by BDO, highlight a strategic pivot toward U.S. Treasuries, which now account for $120 billion of its reserves—a near-record high.
The USD₮ supply expanded by $7 billion this quarter, while active wallets surged by 46 million. This growth signals accelerating adoption despite broader market volatility. Tether’s conservative yield strategy, anchored in government securities, has proven effective in maintaining liquidity and reserve robustness.