Tether released Q1 report: U.S. Treasury holdings are close to $120 billion, and traditional investment operating profit exceeds $1 billion

PANews reported on May 1 that Tether released the first quarter of 2025 forensic report issued by BDO today, confirming the accuracy of its financial data and reserve report (FFRR) and disclosing assets as of March 31. The report shows that Tether's total exposure to U.S. Treasury bonds is nearly $120 billion (including indirect holdings), a record high. Traditional investment operating profit exceeded US$1 billion in the quarter, mainly benefiting from the performance of the US Treasury portfolio, and gold earnings partially offset the volatility of the cryptocurrency market. The excess reserves reached US$5.6 billion, reflecting its liquidity management capabilities. In terms of operations, USDT's circulation supply increased by about US$7 billion, and the number of user wallets increased by 46 million, an increase of 13% month-on-month. In addition, Tether invested more than US$2 billion in renewable energy, artificial intelligence and other fields through Tether Investments. Management emphasized that such investments are not included in stablecoin reserves, but are aimed at promoting a sustainable digital economy. As of March 31, the Tether token issuing company had total assets of approximately US$149.275 billion and total liabilities of approximately US$143.683 billion, with assets exceeding comprehensive liabilities.