Tether, First-quarter Operating Profit Surpasses 1 Billion Dollars… Maintains Excess Reserves Of 5.6 Billion Dollars

Tether CEO Paolo Ardoino (Source: CryptoSlate)

Tether, which leads the stablecoin market, recorded an operating profit of over $1 billion during the first quarter of 2025, achieving record performance. According to the data released by Tether, the total assets for this quarter amount to $149.2 billion, with total liabilities of $143.6 billion, maintaining an excess reserve of $5.6 billion over the issued stablecoin volume.

During the same period, USDT issuance volume increased by $7 billion compared to the previous quarter, and the number of user addresses holding stablecoins grew by 46 million. These figures show that Tether still secures strong demand in the market and maintains a stable state in terms of asset soundness.

Experts evaluate these results as a consequence of Tether's conservative management strategy based on U.S. Treasury securities and cash-like assets, along with increasing global digital payment demand. Particularly, the fact that excess reserves have surpassed $5 billion is considered a key indicator supporting Tether's credibility amid recent regulatory uncertainties.