- Tether’s Q1 2025 report shows $120B in U.S. Treasuries and $1B in operating profits.
- Tether’s USDT supply increased by $7 billion, with 46 million new wallets added in Q1 2025.
- Tether’s $5.6 billion in excess reserves ensures stability, with 100% backing of all issued USDT tokens.
The USDT stablecoin issuer, Tether, published its Q1 2025 attestation, which shows robust financial outcomes and a growing U.S. Treasury allocation. The published report revealed that Tether had $149.27 billion in total assets while its liabilities amounted to $143.68 billion.
Tether’s U.S. Treasury holdings experienced substantial growth, bringing them close to setting a new record of $120 billion during this period. The reported numbers show Treasury holdings in full and also reveal their presence in money market funds, together with reverse repo agreements. The relevant investments enabled Tether to achieve solid financial results, generating operating profits exceeding $1 billion in the quarter.
Growth in USDT Circulating Supply and User Wallets
The Q1 2025 attestation confirmed that Tether maintained steady growth for its stablecoin USD Tether (USDT). The circulating USDT supply expanded by almost $7 billion during this quarter, reaching a total of $143.68 billion. The rise in user wallets led to the production of 46 million new wallets while the worldwide user count reached 415 million.
According to Paolo Ardoino, who leads Tether as CEO, 37% of worldwide users keep USDT as their primary savings vehicle. USDT serves as a significant component of the cryptocurrency and financial markets, as numerous users prioritize it as their preferred asset storage option. The currency exchange ecosystem supported by Tether maintains strong daily operation with an estimated $30 billion total transaction volume on its platform.
Tether’s Financial Reserves and Future Investments
Tether exhibits sound financial strength due to its $5.6 billion in surplus funds within its reserves. The company maintains the stability of the USDT token through complete token backing, while also holding security reserves that serve as a safety measure to support cash demands. Market uncertainty and price fluctuations have a minimal impact on Tether, thanks to the high liquidity of its reserve instruments.
The company engages in stablecoin production activities and operates in the long-term investment market. Tether Investments secured $2 billion from the company to fund peer-to-peer communication systems, data infrastructure, artificial intelligence, and renewable energy exploration. The implementation of these investment initiatives by Tether represents its strategic plan to drive long-term success.
During El Salvador’s inaugural digital asset oversight period, Tether works as a regulated company under the country’s Digital Assets regulation. Organizational transparency and operational stability increase due to the latest regulatory rules, thus establishing Tether as a dominant force in stablecoin provisioning.
