Tether Achieves $1.04B Q1 Profit with Record Reserves
- Tether reported a net profit of $1.04 billion for Q1, ending March 31, 2026.
- Reserves reached an all-time high of $8.23 billion, exceeding liabilities tied to USDT.
- The company holds approximately $141 billion in U.S. Treasury bills, making it one of the largest holders globally.
- Tether’s reserve diversification includes about $7 billion in Bitcoin and $20 billion in gold.
- USDT circulation increased by over $5 billion since March, reflecting strong demand.
Tether’s first-quarter results highlight its significant role in global dollar liquidity through substantial holdings in U.S. Treasuries and diversified assets like Bitcoin and gold to ensure stability during economic fluctuations.
The company’s robust reserve strategy and continued growth in USDT circulation underscore its central position as a stablecoin issuer amid volatile market conditions.( Source)
