Tether Achieves $1.04 Billion Profit in Q1 Amid Market Volatility
- Tether reported a net profit of $1.04 billion for the first quarter of 2026.
- The company’s reserve buffer reached an all-time high of $8.23 billion.
- Tether holds approximately $141 billion in U.S. Treasuries, though not fully audited.
- The firm also reported holding $20 billion in physical gold and about $7 billion in Bitcoin.
- A full audit by KPMG commenced during the first fiscal quarter of the year.
Despite market volatility, Tether’s Q1 profits remained stable compared to last year, but were lower than its record profit in previous years driven by surges in Bitcoin and gold prices.
Tether’s substantial holdings in U.S. Treasuries position it as a major holder of government debt globally, reflecting its significant financial influence within the stablecoin sector and broader financial markets.(Source)
