{"id":128415,"date":"2025-05-02T00:15:27","date_gmt":"2025-05-02T00:15:27","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128415"},"modified":"2025-05-02T00:15:27","modified_gmt":"2025-05-02T00:15:27","slug":"tether-posts-1b-in-q1-operating-profit-5-6-billion-excess-in-reserves","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128415","title":{"rendered":"Tether posts $1B in Q1 operating profit, $5.6 billion excess in reserves"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTether, the company behind the world\u2019s 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.<br \/>\nAccording to Tether\u2019s Q1 2025 financial report, the company\u2019s 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.<br \/>\nExcerpt from Tether\u2019s Q1 2025 financial report. Source: TetherAccording to the announcement, Tether holds $5.6 billion in excess of reserves for its USDt (USDT) stablecoin, down from $7.1 billion in excess from the last quarter of 2024. The stablecoin has a market capitalization of $149 billion as of May 1.<br \/>\n\u201cCirculating supply of USDT grew by approximately $7 billion in Q1, with a 46 million increase in user wallets,\u201d it said.<br \/>\nThe company&#8217;s excess capital continues to fund strategic investments, with more than $2 billion allocated in renewable energy, artificial intelligence, peer-to-peer communications, and data infrastructure.\u00a0<br \/>\nThe stablecoin market is broadly dominated by tokens pegged to the US dollar, with USDT and Circle\u2019s USDC holding a combined 87% share.\u00a0According to the US Treasury\u2019s Q1 2025 report, the market cap for dollar-backed stablecoins is poised to reach $2 trillion by 2028.<br \/>\nEuropean Union officials have recently raised concerns about the risks of overreliance on dollar-pegged stablecoins. According to the Bank of Italy, disruptions in the stablecoins market or the underlying bonds could have \u201crepercussions for other parts of the global financial system.\u201d<br \/>\nMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/tether-1b-q1-2025-operating-profit-5-billion-reserves?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTether, the company behind the world\u2019s largest stablecoin by market capitalization, has released its financials for the first quarter of 2025, disclosing nearly $120 billion in exposure to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128415"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128415"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128415\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128415"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}