Tether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve buffer
Tether reported a $1.04 billion net profit for the first quarter of 2026, increasing its excess reserves to a record $8.23 billion. The company's total assets reached nearly $192 billion, backed largely by U.S. government instruments, with significant holdings in gold and bitcoin. Stablecoins like Tether's USDT are seeing expanded use in international payments, coinciding with broader industry adoption by firms like Visa.
- ▪Tether reported a $1.04 billion net profit for the first quarter of 2026.
- ▪The company's excess reserves rose to $8.23 billion, up from $6.3 billion at the end of 2025.
- ▪Tether's total assets were just under $192 billion, with liabilities of approximately $183.5 billion.
- ▪Approximately $20 billion of Tether's reserves are in physical gold and about $7 billion in bitcoin.
- ▪Tether is the 17th-largest global holder of U.S. Treasuries and a top 10 buyer over the past two years.
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FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailTether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve bufferThe stablecoin issuer said the crypto market was highly volatile during the first quarter.By Olivier Acuna|Edited by Sheldon Reback May 1, 2026, 4:23 p.m. 2 min readMake preferred on Tether CEO Paolo Ardoino (Modified by CoinDesk)What to know: Tether reported first-quarter net profit of $1.04 billion and said its excess reserves rose to a record $8.23 billion.The issuer of the USDT stablecoin said its total assets are just under $192 billion against liabilities of slightly more than $183.5 billion, with most reserves in U.S.
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