Tether posts $1B in Q1 operating profit, $5.6 billion excess in reserves

Tether, the company behind the world's largest stablecoin by market capitalization, has released Its financials for the first quarter of 2025, revealed nearly $ 120 billion exposure to US treasurys and over $ 1 billion in operating profit.
According to According to Tether's Q1 2025 financial report, the company's assets included $ 98.5 billion in direct US bills, including more than $ 23 billion in further exposure by resurrection agreements and other cash equivalent.
According to the announcement, Tether holds $ 5.6 billion excess reserves for the USDT (USDT) Stablecoin, from $ 7.1 billion excess from the last quarter of 2024. Stablecoin has a market capitalization of $ 149 billion to May 1.
“The migrating -transfer supply of USDT has grown approximately $ 7 billion in Q1, with 46 million increases in user purse,” he said.
The company's excessive capital continues to fund strategic investments, with over $ 2 billion allocated to renewable energy, artificial intelligence, peer-to-peer communication, and data infrastructure.
The StableCoin market is widely dominated by tokens that are in the US dollar, with USDC's USDT and USDC holding an integrated 87% part. According to a Q1 2025 report by the US Treasury, the market cap for the dollar supported by Stablecoins reached $ 2 trillion in 2028.
European Union officials have recently raised concerns about the dangers of excessive loyalty to the dollar pegged stablecoins. According to the Bank of Italy, market interruptions of Stablecoins or the underlying bonds may have “repercussions for other parts of the global financial system.”
Magazine: Crypto wants to overthrow the banks, now they are turning to the stablecoin fight