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Tether's Q1 2025 Report Shows 13% Wallet Growth, $1B Profit

Coin WorldThursday, May 1, 2025 10:11 am ET

1min read

Tether International has released its Q1 2025 Quarterly Report, audited by BDO, one of the world's top five independent accounting firms. The report verifies the accuracy of Tether's financial data and Reserve Report (FFRR), providing a transparent breakdown of the assets backing its fiat-pegged stablecoins as of March 31, 2025.

The report reveals that Tether's total exposure to U.S. treasuries, including indirect holdings through money market funds and reverse repurchase agreements, has reached an all-time high of nearly $1.2 trillion. This significant holding not only underscores Tether's conservative reserve management approach but also emphasizes its pivotal role in distributing USD liquidity on a large scale.

Tether's traditional investment portfolio generated over $1 billion in operating profit during the first quarter. This profit was largely driven by the strong performance of its U.S. treasury holdings. Additionally, investments in gold helped mitigate the volatility impact of the crypto market. The circulation of USDT increased by approximately $7 billion during the quarter, with key data points confirmed as follows:

• The issuer's total assets amount to at least $149,274,515,988.

• The issuer's total liabilities are $143,682,673,588, with $143,678,070,758 of these liabilities stemming from issued digital tokens.

• The issuer's assets fully cover its combined liabilities.

• Investments in emerging areas such as AI and energy, made through Tether Investments, are not included in the token reserve.

• Approximately 46 million new USDT wallets were added this quarter, representing a 13% increase from the previous period.

This report highlights Tether's financial stability and its strategic investments, which have positioned it as a key player in the stablecoin market. The significant increase in USDT circulation and the addition of new wallets indicate growing trust and adoption of Tether's stablecoin among users. The robust performance of Tether's U.S. treasury holdings and the strategic use of gold investments demonstrate the company's ability to navigate market volatility effectively. Overall, Tether's Q1 report reflects a strong financial position and a commitment to transparency and conservative reserve management.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.