Tether Posts $1.04B Q1 Profit as Reserve Buffer Hits Record $8.23 Billion

Tether published its Q1 2026 attestation on Friday, posting $1.04 billion in net profit with excess reserves reaching a record $8.23 billion, according to an independent audit by BDO. The stablecoin issuer's total assets stood at $191.7 billion as of March 31, with liabilities of $183.5 billion, primarily from issued USDT tokens.

Tether's reserves remain heavily concentrated in U.S. Treasury bills, with approximately $141 billion in exposure as of March 31, making it one of the top 20 largest holders of U.S. Treasurys globally. Additional reserves include around $20 billion in gold and approximately $7 billion in bitcoin.