Tether, one of the leading issuers of stablecoins, has released its financial results for the first quarter of 2025, reporting an operating profit of $1 billion. The company’s asset structure includes over $98.5 billion in U.S. Treasury bills and approximately $23 billion in cash equivalents.
This is reported by Business • Media
Total excess reserves as of May 1 this year amounted to $5.6 billion. This is below the peak level of $7.1 billion recorded at the end of 2024 and is also the lowest figure since mid-last year. According to the company, USDT remains the largest stablecoin in the world with a market capitalization of over $149 billion. In just the first quarter, its collateral pool increased by $7 billion, and the number of active wallets reached 46 million.
Strategic Investments and the Future of the Stablecoin Market
According to Tether representatives, the issuer’s excess capital is being used for strategic investments in artificial intelligence, renewable energy, and digital infrastructure. Specifically, the company has already directed $2 billion into these areas, continuing to diversify its assets.
According to analysis by the U.S. Treasury, the total capitalization of dollar stablecoins is expected to reach $2 trillion by 2028, with their market share exceeding 87%, particularly driven by USDT and USDC. It was previously reported that Tether’s gold-backed stablecoin XAUT is secured by 7.7 tons of the precious metal and has a capitalization of $770 million as of April 28, 2025. Each token corresponds to one troy ounce of gold, certified by the London Bullion Market Association.
“The firm continues to diversify its assets,” the company states.