Tether International, S.A. de C.V. (TI) released its Q1 2025 attestation report, verified by BDO, a leading global accounting firm. The report confirms the accuracy of Tether’s financial and reserve disclosures as of March 31, 2025. A significant highlight is Tether’s record exposure to U.S. Treasury securities, now exceeding $120 billion, including indirect holdings via Money Market Funds and reverse repos. This marks a historic high in the company’s reserves and underscores Tether’s commitment to providing stable dollar liquidity globally. 2025 Q1 saw Tether generate over $1 billion in operating profit from traditional investments, primarily driven by strong performance within its U.S. Treasury portfolio. Gains from gold holdings helped offset crypto market volatility during the quarter. Tether’s excess reserves stand at $5.6 billion, demonstrating robust liquidity and risk management capabilities. 2025 Q1 also saw a notable increase in USD₮ circulation, growing by approximately $7 billion and expanding user wallets by 46 million. These increases highlight the growing trust in Tether’s transparency and stability as it continues to solidify its position as the preferred digital dollar representation. 2025 Q1 also marks Tether’s first quarter operating under regulatory oversight in El Salvador, where it holds a stablecoin issuer license under the country’s Digital Assets framework. This milestone strengthens Tether’s credibility and supports its compliant expansion both within established markets and emerging markets. Beyond reserves, Tether has allocated over $2 billion in long-term investments through Tether Investments, targeting sectors such as renewable energy, artificial intelligence, peer-to-peer communications, and data infrastructure. These strategic investments reflect Tether’s commitment to fostering sustainable digital economies. Further highlights include: Total assets of approximately $149.3 billion; total liabilities around $143.7 billion, nearly all related to digital tokens issued; assets exceeding consolidated liabilities, confirming financial solvency; and a 13% increase in new USD₮ wallets, totaling 46 million users in the quarter. Paolo Ardoino, Tether’s CEO, emphasized the company’s commitment to stability, growth and supporting the digital economy while emphasizing the continued role of the U.S. dollar globally.