$BTC $ETH $BNB Tether Releases Q1/2025 Report: U.S. Treasury Reserves Near $1.2 Trillion, Traditional Profit Exceeds $1 Billion


According to the independent audit report from BDO, Tether (USDT) continues to solidify its position as the leading stablecoin in the market with impressive numbers in Q1/2025:

1. Asset Reserves & Investment Performance

  • U.S. Treasuries:

    • Total value: ~$1.2 trillion (including indirect forms), the highest in history.

    • Profits from bonds are the main driver helping Tether record more than $1 billion in traditional (non-crypto) operating profit.

  • Gold: Profits from gold help offset some negative volatility from the crypto market.

  • Excess reserves: $5.6 billion, indicating strong liquidity management capability.

2. USDT Growth & Ecosystem Expansion

  • USDT circulation: Increased by ~$7 billion in Q1, bringing total supply to ~$110 billion.

  • New user wallets: Added 46 million wallets, a 13% increase compared to the previous quarter.

  • Venture capital (through Tether Investments):

    • Over $2 billion invested in renewable energy, AI, and blockchain infrastructure.

    • Note: This investment is not included in the USDT backing reserves, but aims to promote a sustainable digital economy.

3. Financial Synthesis

  • Total assets: ~$1.49275 trillion (strongly increased due to the value of U.S. Treasuries and gold).

  • Total liabilities (USDT in circulation): ~$1.43683 trillion.

  • Ensuring a reserve ratio >100%: Tether continues to demonstrate the ability to back 1:1 for every USDT.

Why is this report important?

  • Eliminating doubts about transparency: The regular audit report by BDO helps reinforce confidence in USDT.

  • Diversification strategy: Tether is not only dependent on crypto but also optimizes profits from bonds/gold.

  • USDT remains a "giant" stablecoin: Despite competition from USDC, FDUSD... USDT holds ~70% market share.

(Source: PANews | Tether Q1/2025 report)

QUICK SUMMARY:
🇺🇸 $1.2 trillion in U.S. Treasuries – Tether becomes a "shark" in bonds.
💰 Traditional profit of over $1B, excess reserves of $5.6B.
📈 USDT increased by $7B in supply, 46M new wallets – dominating the stablecoin market.
🌱 $2B investment in AI/clean energy, separate from reserves.

Forecast:

  • Tether will continue to capture market share if it maintains transparency and stable profits.

  • Investments in AI/energy could help Tether reduce its dependence on crypto.