Tether just dropped its Q1 2025 results, and guess what? They made a cool $1 billion. Not bad for a company known for creating a stablecoin that’s supposed to be as exciting as watching paint dry. And get this – they’re sitting on nearly $120 billion in U.S. Treasury bonds, which are like the cozy socks of the financial world: safe, warm, and utterly unremarkable. But hey, who doesn’t love some good old-fashioned government-backed security?
Apparently, Tether had its numbers checked by BDO, which sounds like the kind of firm that would give you a gold star if you handed in your homework on time. According to them, Tether’s total assets hit about $149.3 billion by March 31, 2025, with liabilities around $143.7 billion. This leaves them with a cushion of $5.6 billion—just in case they need to pay for a rainy day or a new Tesla. Not bad, but it’s a little less than the $7 billion they had last quarter. Guess someone had a shopping spree?
The big money this time didn’t come from Bitcoin or gold (thankfully). It came from good ol’ reliable U.S. Treasuries, which actually pay interest. Tether, being the stable genius they are, made a steady profit without relying on volatile assets. Sure, last quarter they made $6 billion from unrealized gains in things like Bitcoin, but who needs the drama when you can just buy bonds, right?
In more exciting news, USD₮ jumped by $7 billion, and their user wallet base grew by 46 million people. That’s a 13% jump, or as I like to call it, “one of those times when you’re glad you didn’t quit your day job.” Oh, and Tether dropped over $2 billion into some futuristic stuff like AI, clean energy, and data infrastructure. I’m sure that’ll pay off… eventually. But don’t worry, it’s separate from the funds backing the stablecoin. Because who needs a stablecoin when you can invest in a sci-fi future, right?
Oh, and here’s a fun twist: Tether is now officially licensed in El Salvador. Yep, they’ve got the stamp of approval to issue their stablecoin there. So now, not only are they making money hand over fist, but they’ve got a little extra government oversight to keep things… stable. How fun.
To wrap it up, Tether’s CEO Paolo Ardoino made sure to remind everyone that they’re all about “stability, strength, and vision.” And transparency, because who doesn’t love a good buzzword? I’m sure the hundreds of millions of users are sleeping soundly knowing that their digital dollars are in the hands of such a forward-thinking company. Or maybe they’re just wondering when the next $1 billion is coming in. 😂
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2025-05-01 20:21