From Cointelegraph

May 1, 2025 6:53 pm:

Tether reveals Q1 2025 financials: $120B in US Treasurys, $1B profit. Assets include $98.5B in direct US Treasury bills, $23B in additional exposure. USDT stablecoin market cap at $149B. Excess reserves for USDT at $5.6B. Circulating supply grew by $7B in Q1, with $2B invested in strategic sectors.

Stablecoin market dominated by USDT and USDC, 87% share. US Treasury predicts $2T market cap for dollar-backed stablecoins by 2028. EU officials express concern over reliance on dollar-pegged stablecoins, warning of potential disruptions in the global financial system. Bank of Italy highlights risks.

Crypto industry shifting as stablecoins gain prominence. From challenging banks to becoming a key player in the financial system, stablecoins like USDT are transforming the landscape. Market dynamics and regulatory scrutiny are shaping the future of digital assets.

Read more at Cointelegraph: Tether posts $1B in Q1 operating profit, $5.6 billion excess in reserves