Tether Reports $1B Profit and $120B in U.S. Treasury for Q1 2025

Tether has announced its first-quarter results for the year 2025, where it recorded over $1 billion in profit. The company, known for running the USD₮ stablecoin, said it recorded U.S. Treasury holdings of almost $120 billion. This means Tether is putting a lot of its money into U.S. government bonds, which are considered very safe.

According to the report, the numbers were verified by global accounting firm BDO, and they included holdings through money market funds and reverse repo agreements. As of March 31, 2025, Tether’s total assets stood at approximately $149.3 billion, while liabilities were reported at around $143.7 billion. That means the company has $5.6 billion in extra reserves, just in case something goes wrong. However, these reserves are slightly lower than the $7 billion it had last quarter.

Most of Tether’s profits this time came from its investments in U.S. Treasuries, which pay interest. In the previous quarter, it made a one-time $6 billion again but that included unrealized gains from things like Bitcoin and gold, which went up in value. This time, the profit came from more stable sources.

Moreover, during the quarter, USD₮ rose by roughly $7 billion, and the active user wallet base increased by 46 million, which is a 13% jump. Tether also said it invested more than $2 billion in areas like artificial intelligence, clean energy, and data infrastructure. These investments are separate from the funds it used to collateralize the USD₮ token but show that Tether is trying to build for the future.

This was also the first quarter where Tether operated under new regulations in El Salvador, where it now has a license to issue its stablecoin. That adds a layer of official oversight.

Meanwhile, Tether CEO Paolo Ardoino remarked, “Q1 2025 showcases Tether’s continued leadership in stability, strength, and vision… We remain focused on delivering trust, transparency, and value to hundreds of millions of users.”