Tether (USDT), has released the much-anticipated critical first quarter audit report! Here are its Holdings.

Tether has published its financial condition report for the first quarter of 2025. According to the report, the company’s total exposure to U.S. Treasury bonds reached approximately $120 billion as of March 31, 2025, marking an all-time high.

At the same time, Tether’s total assets exceeded 149.27 billion dollars, while its liabilities were at 143.68 billion dollars. Thus, the company’s assets were 5.6 billion dollars above its liabilities.

The circulating supply of USDT increased by approximately 7 billion dollars in the first quarter of the year. Additionally, there was an increase of 46 million in user wallets.

Tether CEO Paolo Ardoino stated the following regarding the report:

“The first quarter of 2025 reinforced Tether’s leadership in stability, strength, and vision. With record levels of US Treasury bond exposure, growing reserves, strong profits, and the increasing adoption of USDT worldwide, our determination to provide our users with trust, transparency, and value continues. Our mission is clear: to support the digital economy responsibly and compliantly, and to strengthen the role of the US dollar on the global stage.”