{"id":23595,"date":"2025-05-02T09:20:39","date_gmt":"2025-05-02T06:20:39","guid":{"rendered":"https:\/\/forklog.com\/en\/tethers-first-quarter-operating-profit-surpasses-1-billion\/"},"modified":"2025-05-02T09:20:39","modified_gmt":"2025-05-02T06:20:39","slug":"tethers-first-quarter-operating-profit-surpasses-1-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tethers-first-quarter-operating-profit-surpasses-1-billion\/","title":{"rendered":"Tether&#8217;s First Quarter Operating Profit Surpasses $1 Billion"},"content":{"rendered":"<p>In the first quarter, Tether reported an operating profit of $1 billion from traditional investments. This assessment is included in the commentary on the attestation report of the USDT stablecoin issuer.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether Approaching $120B in U.S. Treasuries, Confirms Quarterly Operating Profit Over $1B, and Strengthens Global USD\u20ae Demand in Q1 2025<br \/>Read more: <a href=\"https:\/\/t.co\/U43RJ6bWWC\">https:\/\/t.co\/U43RJ6bWWC<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1917947387936432287?ref_src=twsrc%5Etfw\">May 1, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The result was driven by the rise in the value of U.S. Treasuries, while the positive revaluation of gold nearly offset the volatility of Bitcoin, according to the document.<\/p>\n<p>The supply of USDT increased by ~$7 billion, reaching $143.68 billion, while the number of user wallets grew by 46 million.<\/p>\n<p>The risk exposure to <span data-descr=\"US Treasuries\" class=\"old_tooltip\">US Treasuries<\/span> approached $120 billion. This figure includes indirect ownership of securities through money market funds and <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A1%D0%B4%D0%B5%D0%BB%D0%BA%D0%B0_%D0%A0%D0%95%D0%9F%D0%9E\">reverse repo<\/a> agreements. Direct investments in U.S. Treasury obligations reached $98.5 billion.<\/p>\n<p>Excess stablecoin reserves amounted to $5.59 billion. The decrease from the end of 2024 valuation (<a href=\"https:\/\/u1f987.com\/en\/news\/tether-reports-13-billion-in-net-profit\">$7.09 billion<\/a>) was influenced by a dividend payout of $2.35 billion.<\/p>\n<p>Tether highlighted its investments in &#8220;long-term initiatives&#8221; in renewable energy, AI, peer-to-peer communications, and data transmission infrastructure amounting to &#8220;over $2 billion.&#8221;<\/p>\n<p>The report was audited by the independent firm BDO, which confirmed the accuracy of USDT&#8217;s financial figures and reserves.<\/p>\n<p>January to March marked Tether&#8217;s first financial period &#8220;under regulatory oversight in El Salvador,&#8221; where its <a href=\"https:\/\/u1f987.com\/en\/news\/tether-to-move-its-headquarters-to-el-salvador\">new headquarters<\/a> is located.<\/p>\n<p>Earlier, the company <a href=\"https:\/\/u1f987.com\/en\/news\/tether-confirms-7-7-tonnes-of-gold-backing-for-xaut\">confirmed<\/a> the gold backing for the XAUT stablecoin at the end of March.<\/p>\n<p>In April, Tether <a href=\"https:\/\/u1f987.com\/en\/news\/cantor-fitzgerald-plans-3-billion-bitcoin-fund-launch\">became a co-founder<\/a> of Twenty One Capital, investing 23,950 BTC in the organization&#8217;s charter capital. The firm is positioned as &#8220;the best tool for investors seeking capital-efficient risk on Bitcoin.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter, Tether reported an operating profit of $1 billion from traditional investments. This assessment is included in the commentary on the attestation report of the USDT stablecoin issuer. Tether Approaching $120B in U.S. Treasuries, Confirms Quarterly Operating Profit Over $1B, and Strengthens Global USD\u20ae Demand in Q1 2025Read more: https:\/\/t.co\/U43RJ6bWWC \u2014 Tether [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1252,1245],"class_list":["post-23595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-reports","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23595"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23594"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}