Tether has published its first quarter 2025 financial statement, revealing a significant increase in exposure to US Treasury bonds. The company’s total exposure reached an all-time high of approximately $120 billion as of March 31st, 2025. Tether’s overall assets exceeded $149.27 billion while liabilities stood at $143.68 billion, resulting in a $5.6 billion surplus. Additionally, the circulating supply of USDT saw an increase of approximately $7 billion during the first quarter, with user wallet count also rising by 46 million. Tether CEO Paolo Ardoino commented on the report: ‘The first quarter of 2025 has solidified Tether’s leadership in stability, strength, and vision. With record US Treasury exposure, expanding reserves, strong profits, and increased global adoption of USDT, we remain committed to delivering trust, transparency, and value to our users. Our mission is clear: to support the digital economy in a responsible and compliant manner and strengthen the role of the US dollar in the global arena.’