The corporate behind the biggest stablecoin by market cap raked in substantial positive aspects within the first quarter of 2025.
In an announcement issued following the publication of its Q1 2025 attestation, Tether says it generated over $1 billion in working revenue from conventional investments between January and March this yr.
The stablecoin issuer credit the spectacular returns to the strong efficiency in its U.S. Treasury portfolio. Tether says gold additionally practically offset the volatility within the crypto markets.
The corporate’s Q1 2025 monetary report reveals that it has $98.5 billion in U.S. Treasury payments, round $6.3 billion in cash market funds and $15 billion in in a single day reverse buy agreements.
“In 1 / 4 marked by market turbulence, Tether delivered record-breaking outcomes that additional underscore the corporate’s monetary power and rising world relevance. [Tether] reached an all-time excessive of whole publicity in U.S. Treasuries approaching $120 billion, together with Treasuries’ oblique exposures from Cash Market Funds and reverse repo agreements.”
Tether says the circulating provide of its dollar-denominated stablecoin USDT additionally grew by roughly $7 billion and consumer wallets elevated by 46 million in Q1.
The primary quarter marks the primary time that the corporate is topic to regulatory supervision in El Salvador, the place it’s registered as a stablecoin issuer beneath the nation’s Digital Property framework.
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