Tether released its Q1 financial report: exposure to U.S. Treasury bonds approached 120 billion dollars, with quarterly profits exceeding 1 billion dollars
According to ChainCatcher news and the official announcement, Tether has released its audit report for the first quarter of 2025. As of March 31, 2025, Tether's total exposure to U.S. Treasury securities is nearly $120 billion, a record high. At the same time, Tether achieved over $1 billion in traditional investment operating profit in the first quarter, primarily due to the robust performance of its U.S. Treasury investment portfolio, while gold investments nearly offset the volatility in the cryptocurrency market.In terms of assets and liabilities, Tether's total assets are at least $149.27 billion, with total liabilities of $143.68 billion, of which $143.68 billion is related to issued digital tokens. Excess reserves reached $5.6 billion, demonstrating the company's strong risk management and liquidity position.In the first quarter, the circulating supply of USDT increased by approximately $7 billion, and the number of user wallets grew by 46 million, a quarter-over-quarter increase of 13%. Additionally, Tether has strategically invested over $2 billion through Tether Investments in long-term projects such as renewable energy, artificial intelligence, peer-to-peer communication, and data infrastructure.