TechFlow, May 2 — According to Tether's Q1 2025 report released today, as of March 31, 2025, Tether's total exposure to U.S. Treasuries—including indirect holdings via money market funds and reverse repurchase agreements—reached a record high of nearly $120 billion, with confirmed operating profits exceeding $1 billion for the quarter. Additionally, USDT circulation increased by approximately $7 billion during Q1, with around 46 million new USDT wallets added, representing a 13% quarter-on-quarter growth.
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