Teter increases the US Treasury Holdings by 3 billion dollars yoy profits ⋅ crypto world echo
Fire Increased its treasury exposure by more than $ 3 billion between quarters, while posting a sharp drop in quarterly profits.
According to itLast confirmation Report on April 30, Tether US Treasury Invoices Connected States, Reverse Break -up Contracts and Money Market Funds, which were exposed to the Treasury by 31 March around $ 120 billion, which will be around $ 116.7 billion at the end of 2024.
Most of these participations include $ 98.5 billion in direct Treasury bills, $ 15.1 billion overnight repurchase contracts and $ 6.3 billion of money market funds, of which $ 4.9 billion are indirect allocations for the Treasury.
Sharp growth comes when a company shifts to a low -risk short -term government instrument to support it USDT Stablein stocks.
The Tether's updated reserve composition shows that it has $ 81.5% of total $ 149.3 billion cash, cash equivalents and short -term deposits, mainly US public debt.
Chief executive Paolo Ardoino said:
“Q1 2025 introduces the continued leadership of Tether in the field of stability, strength and vision. A record -breaking US Treasury exposure, growing stocks, strong profits and increased worldwide introduction are still focused on providing hundreds of millions of users.”
He added that Tether's mission is “responsibly and compliant” the digital economy and strengthen the role of the US dollar on the global arena.
Profit falls from a record of 2024 levels
Despite the increase in reserve assets, Tether's operating profit decreased year by year. The Group announced the first quarter's operational profits a billion dollars compared to $ 4.52 billion in the same period in 2024.
The first quarter of last year included a billion dollars on the net income of the US Treasury, the rest was given to the Bitcoin market coming (Btc) and gold stakes.
This year's lower profit comes from the relative stability of the Treasury's yield and the less favorable environment for cryptocurrency assessment, especially Bitcoin, which fell from $ 93,812 to $ 82,704 per btc between a quarter of a quarter.
The value of Tether's Gold Holdings increased, ranging from $ 5.3 billion to $ 6.7 billion, partially balancing the cryptocurrency fluctuations.
As of March 31, Tether announced a $ 149.3 billion collection of $ 143.7 billion, resulting in $ 5.6 billion reserves.
This is a decline of $ 7.1 billion with excess reserves as of the last quarter of 2024, probably due to the $ 2.3 billion dividend distribution in the first quarter.
USD Supply expanded by $ 7 billion over the quarter, reflecting ongoing introduction, especially in developing markets and chain finance applications. The number of wallets with USDT increased by 46 million, which is 13% quarter.
Strategic investment and regulatory footprint
In addition to supporting the reserve, Tether will continue to allocate capital to long -term investments through its explosive investments, now more than $ 2 billion.
These investments include sectors such as renewable energy, artificial intelligence and peer-to-peer infrastructure. These assets do not belong to the company's reserve base.
Last quarter also celebrated the first quarter of Tether, which acted under regulatory supervision in El Salvador after official relocation. He now owns a license under the framework of the country's digital assets as a stable issuer and reports directly to the El Salvador financial investigation unit.
Tether's expanding treasury footprint continues to align it with traditional fixed income markets, even if its quarterly profit reflects the macroeconomic retardation of the sector and narrower profits in the crypto market.
Post Teter increases the US Treasury Holdings Holdings by $ 3 billion during yoy profits appeared first CryptoslateTo.
