While generating a net profit above $1.04 billion, Tether's excess reserve buffer hit a record $8.23 billion, concentrated in short-duration liquid instruments.
Tether International said first-quarter profit reached $1.04 billion and excess reserves rose to a record $8.23 billion, as demand for its dollar-pegged stablecoin held steady amid volatile markets. The issuer of USDT reported total assets of about $191.8 billion and liabilities of roughly $183.
Bernardo Bilotta argues that banks avoid stablecoins not due to a lack of technical understanding, but to protect their vital relationships with central banks and Western correspondent banks, who are notoriously risk-averse. Key Takeaways: Bernardo Bilotta notes Asia handles 50% of global stablecoin flows, but banks fear regulatory risk.
Tether posted over $1 billion in profit for the first quarter of 2026, with excess reserves reaching a record $8.23 billion. The stablecoin issuer continues to anchor its backing in U.S. Treasuries while expanding into gold and bitcoin. Key Takeaways: Tether posted $1.04B profit in Q1 2026, with reserves hitting a record $8.23B.
Tether posted strong first-quarter results for 2026, reporting over $1 billion in net profit and a record expansion in excess reserves.
Tether has released its first-quarter (Q1) 2026 attestation report, audited by BDO, a “top-five” global independent accounting firm. The report highlights what the company describes as continued momentum for the stablecoin issuer, including major financial figures and details on its reserve positioning.
Stablecoin giant Tether says it holds over $141 billion in U.S. Treasuries, a figure that has never been verified by a full audit.
Tether reports over $1B profit in Q1 2026 as reserves hit $192B and USDT supply stays strong with rising demand globally.
Stablecoin issuer Tether is reporting Q1 2026 net profit of $1.04 billion. The earnings news was joined by its periodic attestation regarding reserves and more produced by BDO.
Senators Elizabeth Warren (D-MA) and Ron Wyden (D-OR) have written to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino, requesting information about loans made by the firm to a trust that Lutnick's children benefited from.
Tether posts $1.04B Q1 profit on a $191.8B reserve stack, leaning on US Treasuries while expanding into gold and bitcoin as stablecoin scrutiny rises. Tether International said in its Q1 2026 attestation that it generated more than $1.
U.S. Senators Elizabeth Warren and Ron Wyden are pressing Commerce Secretary Howard Lutnick and Tether over what they describe as national security risks tied to related-party lending between Lutnick's former firm Cantor Fitzgerald and the stablecoin issuer.