Tether Nears $120B in U.S. Treasuries, Reports Over $1B in Quarterly Profits

Stablecoin issuer Tether has published its Q1 2025 attestation report, which has revealed interesting financial results that include U.S. Treasury holdings approaching a new high. The report also highlights its quarterly operating profits exceeding a key benchmark. The attestation was done by BDO which is one of the top five independent accounting firms globally.

Tether approaches $120 billion in US treasuries holdings

According to the report, Tether’s total assets amount to $149.27 billion against liabilities of $143.68 billion. The company is now operating under regulatory supervision in El Salvador where it holds a license as a stablecoin issuer.

Tether Approaching $120B in U.S. Treasuries, Confirms Quarterly Operating Profit Over $1B, and Strengthens Global USD₮ Demand in Q1 2025
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— Tether (@Tether_to) May 1, 2025

Tether’s Q1 2025 attestation has revealed that the stablecoin issuer has reached an ATH of total exposure in U.S. Treasuries approaching $120 billion. This figure includes direct Treasury holdings as well as indirect exposures through money market funds and reverse repo agreements.

The company’s Treasury portfolio was a key driver of its financial performance for the quarter. It has contributed to the over $1 billion in operating profit from traditional investments. Tether noted that performance from its gold holdings helped offset volatility in cryptocurrency markets during the period.

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