Tether Reports $1 Billion Q1 Profit, Significantly Down from Previous Quarter

Tether, the company behind the popular USDT stablecoin, has released its first-quarter financial report for 2025. The report reveals robust profits despite a turbulent crypto market. Tether reported nearly $1 billion in operating profit during Q1 2025, a significant drop compared to the $6 billion profit from the previous quarter. The primary reason for this decline was the decreased returns on investments like Bitcoin and gold. However, stable investments in U.S. Treasurys played a significant role, contributing to Tether’s profitability during the first quarter.