Tether posts $1B in Q1 operating profit, $5.6 billion excess in reserves

Tether, the company behind the world’s largest stablecoin by market capitalization, has released its financials for the first quarter of 2025, disclosing nearly $120 billion in exposure to US Treasurys and over $1 billion in operating profit. According to Tether’s Q1 2025 financial report, the company’s assets include $98. 5 billion in direct US Treasury bills, along with over $23 billion in additional exposure through repurchase agreements and other cash-equivalent assets. Excerpt from Tether’s Q1 2025 financial report source: https://cointelegraph.com/news/tether-1b-q1-2025-operating-profit-5-billion-reserves?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound