According to BlockBeats, on May 1st, Tether, the issuer of USDT, released its Q1 2025 report. Despite high volatility in global markets, Tether achieved strong profitability, with net profit of approximately $1.04 billion as of March 31, 2026. Total assets were approximately $191.768 billion, and total liabilities were approximately $183.536 billion, of which liabilities related to digital token issuance were approximately $183.438 billion.
Tether's asset reserves reached a record high of $8.232 billion, a significant increase from the previous period. The overall circulating supply of USDT remained stable at a large level, approximately $183 billion.
Tether's asset reserves are primarily composed of highly liquid, high-quality assets, mainly consisting of: approximately $141 billion in direct and indirect holdings of U.S. Treasury bonds, which remain its core holding, making Tether the 17th largest holder of U.S. Treasury bonds globally; approximately $20 billion in physical gold; and approximately $7 billion in Bitcoin, with Tether continuing to increase its BTC holdings in Q1.
