Stablecoin Giant Tether Inks $1,000,000,000+ in Operating Profits in the First Quarter of 2025

By: bitcoin ethereum news|2025/05/02 17:15:01
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The company behind the largest stablecoin by market cap raked in substantial gains in the first quarter of 2025. In a statement issued following the publication of its Q1 2025 attestation, Tether says it generated over $1 billion in operating profit from traditional investments between January and March this year. The stablecoin issuer credits the impressive returns to the solid performance in its U.S. Treasury portfolio. Tether says gold also nearly offset the volatility in the crypto markets. The company’s Q1 2025 financial report shows that it has $98.5 billion in U.S. Treasury bills, around $6.3 billion in money market funds and $15 billion in overnight reverse purchase agreements. “In a quarter marked by market turbulence, Tether delivered record-breaking results that further underscore the company’s financial strength and growing global relevance. [Tether] reached an all-time high of total exposure in U.S. Treasuries approaching $120 billion, including Treasuries’ indirect exposures from Money Market Funds and reverse repo agreements.” Tether says the circulating supply of its dollar-denominated stablecoin USDT also grew by approximately $7 billion and user wallets increased by 46 million in Q1. The first quarter marks the first time that the company is subject to regulatory supervision in El Salvador, where it is registered as a stablecoin issuer under the country’s Digital Assets framework. Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: DALLE3 Source: https://dailyhodl.com/2025/05/02/stablecoin-giant-tether-inks-1000000000-in-operating-profits-in-the-first-quarter-of-2025/

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