#Tether Reports Q1 Profit Over $1B, Down From 2024 Despite Treasury Holdings


Stablecoin giant Tether reported Q1 2025 profits exceeding $1 billion, down significantly from $4.52 billion in Q1 2024.


The company attributes current profits to yields from its U.S. Treasury holdings, which represent 66% of reserves.


Last year's record gains came from $BTC appreciation (64% in Q1 2024) versus this year's 12% decrease.


Tether's $USDT remains the largest #stablecoin with $148 billion in circulation, backed by approximately $7.7 billion in Bitcoin (5% of reserves).


The company now holds nearly $120 billion in U.S. Treasuries, including indirect exposure through money market funds.

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May 01, 2025 at 10:31 PM
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