Tether Q1 Report: Holding nearly $120 billion in U.S. Treasuries at a record high, USDT Circulating Supply rise by about $7 billion.

MetaEra News, May 2 (UTC+8), according to official sources, according to the first quarter 2025 report released by Tether, as of March 31, 2025, Tether’s total exposure to U.S. Treasuries reached an all-time high, approaching $120 billion, including indirect exposure to U.S. Treasuries from money market funds and reverse repo agreements. Tether also reported an operating profit of more than $1 billion in its traditional investment business during the quarter, helped by the solid performance of its U.S. Treasury portfolio, while gold’s performance nearly offset volatility in the crypto market. In the first quarter, USDT’s circulating supply grew by approximately $7 billion, and the number of user wallets increased by 46 million, a clear indication of growing trust in Tether’s transparency, resilience, and utility as the primary digital currency of the US dollar. In addition to its reserves, Tether continues to make strategic investments through Tether Investments and has invested more than $2 billion in long-term projects in areas such as renewable energy, artificial intelligence, peer-to-peer communications, and data infrastructure. ( Source: Tether)