Tether Reports $1B Q1 Profit

Tether, the issuer of the stablecoin USDT, reported over $1 billion in operating profit for the first quarter of 2025, fueled by strong returns on its US Treasury investments.

Their latest attestation, conducted by global accounting firm BDO, showed Tether’s exposure to US Treasuries nearing $120 billion, marking its highest level yet.

The Q1 report, reflecting financials as of March 31, highlights Tether’s conservative reserve strategy and leading position in the stablecoin market. Most of the company’s profits stemmed from traditional investments, particularly its Treasury portfolio, with gold performance balancing cryptocurrency volatility.

Total assets reached approximately $149.3 billion, while total liabilities were around $143.7 billion, largely pertaining to issued digital tokens. The report confirms that Tether’s assets surpass its liabilities, supporting its liquidity position with $5.6 billion in excess reserves.