According to a report released by Tether on May 2, 2025, as of March 31, 2025, Tether's total exposure to U.S. Treasury securities (including indirect Holdings in money market funds and reverse repurchase agreements) reached a historical high of nearly $120 billion, confirming quarterly operating profits exceeding $1 billion. Additionally, in the first quarter, the Circulating Supply of USDT rose by approximately $7 billion, with about 46 million new USDT Wallets created, reflecting a quarter-over-quarter growth of 13%.
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According to a report released by Tether on May 2, 2025, as of March 31, 2025, Tether's total exposure to U.S. Treasury securities (including indirect Holdings in money market funds and reverse repurchase agreements) reached a historical high of nearly $120 billion, confirming quarterly operating profits exceeding $1 billion. Additionally, in the first quarter, the Circulating Supply of USDT rose by approximately $7 billion, with about 46 million new USDT Wallets created, reflecting a quarter-over-quarter growth of 13%.