Tether Posts $1.04 Billion Q1 Profit
Tether reported a $1.04 billion net profit for the first quarter of 2026, driving its excess reserve buffer to an all-time high of $8.23 billion amid volatile markets.
Tether reported a $1.04 billion net profit for the first quarter of 2026, driving its excess reserve buffer to an all-time high of $8.23 billion amid volatile markets, with USDT circulation stable near record levels and heavy backing in U.S. Treasuries.
Profit milestone: Tether generated $1.04 billion in net profit for Q1 2026 ending March 31. Reserve record: Excess reserves climbed to $8.23 billion, an all-time high. Asset breakdown: Total assets reached approximately $192 billion against $183.5 billion in liabilities, primarily from ~183 billion USDT in circulation. Key holdings: Reserves include $141 billion in U.S. Treasuries…
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