Tether holds nearly 120 billion in US Treasury bonds, a record high, generating over one billion dollars in profit each quarter.

The world's largest stablecoin issuer Tether announced the verification report for the first quarter of 2025 signed by the accounting firm BDO, showing that the operating profit from traditional investments exceeded 1 billion USD this quarter, with the amount directly and indirectly held in U.S. Treasury bonds reaching 120 billion USD, a historic high.

Tether's Q1 excess reserves reached 5.6 billion USD.

Stablecoin issuer Tether announced the issuance of the Q1 2025 assurance report issued by BDO, one of the five largest accounting firms in the world. This is also Tether's first quarter under regulation in El Salvador, where the company obtained a stablecoin issuer license under the country's comprehensive digital asset framework.

As of March 31, 2025, the group's total assets amount to $149,274,515,988, and total liabilities are $143,682,673,588, with assets exceeding liabilities. The difference between assets and liabilities is listed as shareholder equity on a traditional balance sheet, which Tether refers to as Shareholder Capital Cushion, amounting to approximately $5.6 billion.

Among the asset reserves, 81.49% are held in the form of cash, cash equivalents, and other short-term deposits. The amount directly and indirectly held in U.S. Treasury bonds has reached as high as $120 billion, a historical high.

Tether holds 7.66 billion USD worth of Bitcoin and 6.66 billion USD worth of precious metals, namely gold (.

In the first quarter, the circulating supply of USDT increased by approximately 7 billion USD, and the number of user wallets grew by 46 million, bringing the total number of global USDT users to over 415 million.

2025 Q1 net profit 850 million USD

Tether stated, "This quarter, the operating profit from traditional investments exceeded $1 billion," benefiting from the robust performance of its U.S. Treasury investment portfolio, while gold's performance nearly offset the volatility in the cryptocurrency market. However, the Financial result shown in the report is $852 million, which is likely affected by the significant pullback in Bitcoin's price at the end of Q1, and this report also did not list the profitability status of other business entities.

Tether's strategic investments span long-term plans in areas such as renewable energy, artificial intelligence, peer-to-peer communication, and data infrastructure, with over $2.3 billion invested.

Tether has recently partnered with SoftBank to directly invest in Bitcoin, establishing the American Bitcoin company Twenty One and becoming a comprehensive Bitcoin company.

) directly invested in Twenty One with Bitcoin, the ambition and blueprint behind Tether (

Tether is preparing to launch a new stablecoin in the US.

Tether CEO Paul Ardoino recently stated in an interview with CNBC that Tether plans to launch a new stablecoin product in the U.S. by the end of this year or early next year. Ardoino mentioned that Tether's plans to advance in the U.S. market will depend on the progress of U.S. Congress regarding stablecoin legislation. He emphasized that Tether is actively working with law enforcement agencies to seek regulatory support. He revealed that Tether is developing a product for the U.S. that is different from the existing USDT to comply with U.S. market regulations and demands.

This article states that Tether holds nearly 120 billion in US debt, reaching a new high, and generates over a billion in profit each quarter, first appearing in Chain News ABMedia.