Tether Records $1B Net Profit in Q1 Attestation Report
The main stablecoin issuer has launched its attestation report for the primary quarter of 2026, revealing a internet revenue of greater than $1 billion. The firm was in a position to generate such revenue regardless of broader volatility and unstable market situations. This improvement comes as stablecoins evolve into main greenback infrastructure globally, particularly in markets with restricted entry to USD banking methods.
According to a press launch, the main unbiased accounting agency, BDO, ready the attestation, confirming the accuracy of Tether’s monetary figures and reserves report.
Tether Releases Q1 2026 Attestation Report
While producing a internet revenue above $1.04 billion, Tether’s extra reserve buffer hit a document $8.23 billion. The reserve base is concentrated in short-duration, high-quality liquid devices. By March 31, the agency’s direct and oblique publicity to U.S. Treasury payments had reached $141 billion, making Tether the Seventeenth-largest holder of U.S. Treasuries globally. Tether says short-dated sovereign publicity stays central to its reserve technique.
In addition to the Treasury payments, Tether’s reserves embody treasured metals, consisting totally of $20 billion in bodily gold and $7 billion in bitcoin. The purpose is to take care of a stability between liquidity, resilience, and publicity to macro property that carry out underneath aggravating situations.
“Our accountability is to ensure USD₮ works with out compromise. That means constructing a system that behaves the identical approach in any market situation, not simply when issues are steady. The focus is on conserving the construction easy, liquid, and resilient by design, so it doesn’t rely upon favorable environments or exterior help,” Tether’s CEO, Paolo Ardoino, stated.
USDT Grows by $5B
Overall, Tether had over $191.7 billion in property and $183.5 billion in liabilities as of March 31, 2026. The entity’s property exceed its liabilities by greater than $8.2 billion.
Noteworthily, Tether’s proprietary investments usually are not included in its USDT reserves. They are absolutely segregated and funded from the agency’s extra capital and earnings. The firm claims the investments don’t have an effect on the standard, liquidity, or transparency of USDT reserves.
USDT in circulation has grown considerably, expanding by $5 billion in the second quarter of the 12 months. The stablecoin’s market cap hovered above $189 billion on the time of writing.
“People shouldn’t must query whether or not the system works; it simply has to work,” Ardoino added.
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