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Tether Posts $1B Profit, Reveals $120B in US Treasury Exposure in Q1 2025 Financials
- Tether reaches US$1B in operating profits in Q1 2025, maintaining US$5.6B in reserves as a safety net.
- US$120 B in treasury exposure is a record for the company including direct and indirect investments.
- USDâ‚® circulation grew by US$7 billion and new user wallets rose by 13%.
Stablecoin Giant Tether has confirmed more than US$1 billion (AU$1.5 billion) in operating profits in Q1 2025 largely driven by its US Treasury investment, according to its latest financial report, backed by accounting firm BDO.
The company’s US Treasury exposure is close to US$120 billion (AU$187.2 billion), the highest in its history, which includes indirect holdings through money market funds and reverse repos. This conservative asset allocation has driven stable returns for the company despite market turbulence. The performance of gold has also helped offset some of the volatility in the crypto sector.
As of 31 March 2025, Tether’s total assets stood at US$149.3 billion (AU$232.8 billion) with liabilities of US$143.7 billion (AU$224.1 billion). This leaves US$5.6 billion (AU$8.7 billion) in reserves which, while down from the US$7 billion (AU$10.9 billion) from last quarter, still leaves the company with a risk management buffer.
Q1 Marks First Quarter Under El Salvador Regulatory Direction
USDâ‚® issuance also grew by about US$7 billion in Q1 with approximately 46 million new wallet users and indicates a strong demand for stable dollar-backed digital assets. Additionally, Tether has further diversified its long term investments into growing sectors such as renewable energy and AI, reinforcing its strategy for sustainable growth and its role in shaping the digital economy.
This was the company’s first quarter operating under El Salvador’s regulatory supervisions, where it is licensed as a stablecoin issuer.
Q1 2025 showcases Tether’s continued leadership in stability, strength, and vision. With record U.S. Treasury exposure, growing reserves, strong profits, and increased adoption of USD₮ worldwide, we remain focused on delivering trust, transparency, and value to hundreds of millions of users. Our mission is clear: to responsibly and compliantly power the digital economy and strengthen the role of the U.S. dollar on the global stage.
Paolo Ardoino, CEO of Tether Related: Cantor, SoftBank, Tether, Bitfinex Team Up for $3B Crypto Mega-Venture
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
