USDT issuer Tether said its “total exposure” to U.S. Treasurys had neared $120 billion at the end of March, according to a report published Thursday.
Tether’s USDT is the world’s largest U.S. dollar-pegged stablecoin by supply, with over $149 billion worth in circulation. The company publishes quarterly attestation reports detailing the reserves it keeps on hand to back USDT. Accounting firm BDO completes the attestations on behalf of Tether.
The stablecoin issuer continued to deliver strong returns, reporting “over $1 billion in operating profit from traditional investments during the quarter,” Tether said.
Tether said the $120 billion figure includes indirect Treasury exposure through money market funds and reverse repurchase agreements. Direct exposure to U.S. Treasurys totaled about $99 billion at the end of the first quarter.
As a point of reference, in February, Japan led all other holders of U.S. Treasurys with $1.1 trillion, according to Reuters.
Tether continues to pour capital into a diverse investment portfolio. The company said it has “more than $2 billion allocated toward long-term initiatives in sectors such as renewable energy, artificial intelligence, peer-to-peer communications, and data infrastructure.”
Tether also said Q1 was its first fiscal period “under regulatory supervision in El Salvador,” its new headquarters.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
