According to TechFlow, Tether disclosed in its Q1 2025 audit report that its quarterly operating profit exceeded $1 billion, mainly from the income of its U.S. Treasury bond portfolio. Tether holds nearly $120 billion in U.S. Treasury bonds.
The report shows that Tether's total assets are $149.3 billion, liabilities are $143.7 billion, and excess reserves are $5.6 billion. USDT supply increased by $7 billion, 46 million new user wallets were added, and the adoption rate increased by 13%.
In addition, Tether's gold-backed token XAU₮ has a market value of $770 million and is backed by more than 7.7 tons of physical gold. Tether recently completed the acquisition of a 70% stake in South American agricultural company Adecoagro and increased its stake in Juventus Football Club to more than 10%.
