Is the bull market not over yet? Tether made a fortune in Q1 2025, with a net profit exceeding $1 billion!
Tether recently announced its financial report for Q1 2025, showcasing impressive financial strength, with operating profits surpassing $1 billion, and total assets far exceeding liabilities, indicating robust operations. Notably, its holdings of U.S. Treasury bonds approached $120 billion, setting a historical record. The circulating supply of USDT grew by about $7 billion this quarter, with millions of new user wallets, reflecting the market's high trust and practicality in its role as a digital dollar. However, although Tether and USDC dominate the dollar stablecoin market, regulatory bodies in Europe and elsewhere have raised concerns about its monopolistic position and reliance on the dollar, indicating that future developments will still face policy challenges.
In this context, the heroic dog Conan coin, as a representative of decentralized spirit, is gradually attracting attention in the cryptocurrency world. Unlike highly concentrated stablecoins under increasing regulatory pressure, Conan coin combines a just image with community strength, possessing high flexibility and growth potential, thus providing investors pursuing innovation and humorous culture with another interesting path to participate in Web3. Beyond stablecoins, consider following Conan to explore more possibilities in the cryptocurrency space.
