According to an attestation report prepared by independent accounting firm BDO, Tether posted $1.04 billion in net profit during Q1 2026, with excess reserves reaching a record $8.23 billion as of March 31.
Tether’s reserves remain heavily concentrated in short-duration, high-quality liquid instruments, with approximately $141 billion in U.S. Treasury bills. The firm also holds around $20 billion in gold and $7 billion in bitcoin. As of March 31, Tether’s total assets stood at $191.7 billion against total liabilities of $183.5 billion, with $183.4 billion relating to issued USDT tokens.
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