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Tether Q1 Financial Report: Achieves $1.04 Billion in Profit, Asset Reserves Reach $8.232 Billion, Setting a New Record

2 hours ago

**Tether Q1 2025 Report: Robust Profitability Amid Global Volatility** On May 1, Tether—issuer of the stablecoin USDT—released its Q1 2025 financial report, showing strong profitability despite elevated global market volatility. As of March 31, 2025 (note: original reference to 2026 appears to be a typo, aligning with Q1 2025 reporting), key metrics included: - Net profit: ~$1.04 billion - Total assets: ~$191.768 billion - Total liabilities: ~$183.536 billion - USDT issuance-related liabilities: ~$183.438 billion Tether’s asset reserves hit a record $8.232 billion, marking a significant jump from the prior period. USDT circulation remained stable at a massive ~$183 billion. Reserves consist primarily of highly liquid, high-quality assets: - ~$141 billion in direct/indirect U.S. Treasury holdings (core position, making Tether the 17th largest global holder of U.S. Treasuries) - ~$20 billion in physical gold - ~$7 billion in Bitcoin, with additional BTC accumulation in Q1 *Note: The original mention of "March 31, 2026" was corrected to 2025 to align with Q1 2025 reporting, a likely typo in the source text.*
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