According to the results of January-March, Tether received an operational profit of $ 1 billion from traditional investments. Such an assessment is contained in the commentary on the certification report of the USDT Steabelcoin issuer.
Tether Approaching $ 120b in US Treasuries, Confirms Quarterly Operating Over $ 1b, and Strengtens Global Usd ₮ Demand in Q1 2025
Read More: https://t.co/u43rj6bwwwc– Tether (@tether_to) May 1, 2025
The result ensured the increase in the cost of US government bonds, while the positive reassessment of gold almost compensated for the volatility of bitcoin, the document says.
The USDT offer increased by ~ $ 7 billion, to $ 143.68 billion, and the number of user wallets by 46 million.
The risk on US Treasuries approached $ 120 billion. The indicator includes indirect possession of securities through the funds of the monetary market and the return of the return repo. Direct investments in the US Treasury obligations reached $ 98.5 billion.
Excessive stablecoin reservations amounted to $ 5.59 billion. The reduction in the end of 2024 ($ 7.09 billion) was affected by the payment of dividends of $ 2.35 billion.
Tether reminded of investments in “long -term initiatives” in the field of renewable energy sources, AI, single -rating communications and infrastructure of data transfer in the amount of “over $ 2 billion”.
The report was checked by an independent BDO audit company. The latter confirmed the accuracy of the financial indicators and reserves of USDT.
January-March was for Tether the first financial period “under the supervision of a regulator in Salvador”, where its new headquarters is located.
Earlier, the company confirmed the provision of gold for the Xaut Stablecoin at the end of March.
In April, Tether became the co -founder of Twenty One Capital, investing 23 950 BTC in the authorized capital. The company is positioned as “the best tool for investors who seek to find an effective risk of bitcoin from the point of view of capital.”
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Source: Cryptocurrency
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