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

GateNews
USDT newsIndustry Reports
BTC-0.63%
According to an attestation prepared by independent accounting firm BDO, Tether posted $1.04 billion in net profit for Q1 2026, with excess reserves reaching a record $8.23 billion as of March 31. The firm's reserves remain concentrated in short-duration, high-quality liquid instruments, including approximately $141 billion in U.S. Treasury bills, positioning Tether among the top 20 largest U.S. Treasury holders globally. Additional holdings include around $20 billion in gold and approximately $7 billion in bitcoin. Total USDT in circulation stood at $183.4 billion as of March 31, with the firm noting circulation continued to grow into April.
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