Tether Releases Q1 Figures: $1 Billion Profit, And USDT At Record Circulation
Tether has launched its first-quarter (Q1) 2026 attestation report, audited by BDO, a “top-five” world unbiased accounting agency. The report highlights what the corporate describes as continued momentum for the stablecoin issuer, together with main monetary figures and particulars on its reserve positioning.
Inside Tether’s Reserves
In the report, Tether stated it generated roughly $1.04 billion in web revenue. It additionally said that the dimensions of USDT in circulation remained broadly secure round present ranges. As of March 31 of this 12 months, the corporate reported whole token-related liabilities of roughly $183 billion.
A central a part of the attestation focuses on reserve administration. Tether stated its reserves are primarily positioned in short-duration, high-quality liquid devices.
According to the report, as of March 31, direct and oblique publicity to US Treasury bills (T-Bills) totaled roughly $141 billion. Notably, Tether stated this construction makes it the seventeenth largest holder of US Treasuries globally.
The crypto large additionally offered extra data on reserve diversification past Treasuries payments. The firm reported that treasured steel holdings quantity to roughly $20 billion and consist solely of bodily gold.
It additional said that Bitcoin (BTC) holdings had been roughly $7 billion. Tether framed this combine as a steadiness between protecting reserves liquid and resilient, whereas nonetheless sustaining some publicity to macro property that will maintain up during times of market stress.
USDT At All-Time High Circulation In April
Paolo Ardoino, Tether’s chief govt officer, commented on the corporate’s strategy within the report. “Our accountability is to ensure USDT works with out compromise,” he stated. “That means constructing a system that behaves the identical method in any market situation, not simply when issues are secure.
The govt additionally added, “The focus is on protecting the construction easy, liquid, and resilient by design, so it doesn’t depend upon favorable environments or exterior help. People shouldn’t must query whether or not the system works; it simply has to work.”
Ardoino additionally pointed to current developments in USDT circulation. He famous that as of April, the stablecoin continues to commerce at or close to all-time highs in circulation, with a rise of greater than 5 billion USDT.
He described this as reflecting sustained demand into the second quarter. The CEO added that this demand is strengthened by the discharge of the Tether Wallet, “The People’s Wallet,” which is a self-custody software constructed for the lots of of tens of millions of people that use USDT each day as a lifeline.
Featured picture created with OpenArt, chart from TradingView.com
