Tether has disclosed financial results for Q1 2025, reporting an operating profit of $1 billion. The asset structure includes $98.5 billion in U.S. Treasury bills and another $23 billion in cash equivalents.
Excess reserves as of May 1 amount to $5.6 billion. This is below the peak level of $7.1 billion recorded in the last quarter of 2024. Moreover, this is the lowest figure since mid-last year.
According to the company, USDT remains the largest stablecoin in the world with a market capitalization of $149 billion. In Q1 alone, its backing pool increased by $7 billion, and the number of wallets grew by 46 million. The excess capital of the USDT issuer is used by the company for strategic investments. In particular, $2 billion is directed towards AI, renewable energy, and digital infrastructure. According to Tether, the firm continues to diversify its assets.
According to an analysis by the U.S. Treasury, the total capitalization of dollar stablecoins could reach $2 trillion by 2028. Currently, the share of USDT and USDC accounts for 87% of the market.
It has become known that the issued Tether stablecoin XAUT, whose value is tied to gold, is backed by 7.7 tons of precious metal. As of April 28, 2025, the asset's capitalization reached $770 million. Each stablecoin represents one troy ounce of gold, certified by the London Bullion Market Association.
Reminder, we wrote that Tether CEO Paolo Ardoino explained the refusal to register USDT under MiCA rules.#Write2Earn #BinanceSquare #crypto #Binance #Squar2earn $THE