Tether, the largest stablecoin issuer in the world, has published its financial report for the first quarter of 2025, demonstrating impressive results. The company recorded an operating profit of $1 billion, although this is 83% lower compared to the previous quarter due to the lack of income from investments in bitcoin and gold. Tether's excess reserves amounted to $5.6 billion, the lowest since the second quarter of 2024, when reserves were $5.3 billion. The company’s total assets reached $149.3 billion, of which $120 billion is invested in U.S. Treasury bonds and $7.7 billion in bitcoin.
The report prepared by the auditing firm BDO highlights Tether's stability amid rising demand for the USDT stablecoin, whose volume increased by $7 billion. Tether is also expanding its presence in El Salvador, where it operates under new regulatory oversight. Analysts note that the company's strategy, focused on conservative investments, ensures financial stability in unstable market conditions.
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