TechFlow, May 1 — According to an official announcement, Tether has released its Q1 2025 audit report. As of March 31, 2025, Tether's total exposure to U.S. Treasuries reached nearly $120 billion, a record high. Meanwhile, during the first quarter, Tether generated over $1 billion in traditional investment operating profits, primarily driven by the strong performance of its U.S. Treasury portfolio, while gains from gold investments nearly offset volatility in the crypto markets.
On the balance sheet, Tether's total assets are at least $149.27 billion, with total liabilities of $143.68 billion, of which $143.68 billion is related to issued digital tokens, resulting in a surplus reserve of $5.6 billion.
In the first quarter, USDT's circulating supply increased by approximately $7 billion, and the number of user wallets grew by 46 million, a 13% quarter-on-quarter increase. Additionally, Tether allocated over $2 billion through Tether Investments for strategic long-term projects in renewable energy, artificial intelligence, peer-to-peer communications, and data infrastructure.
