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.
Senator Elizabeth Warren, one of the most prominent crypto skeptics in Washington, is now focusing her scrutiny on Tether and the man leading the Department of Commerce.
Sens. Warren and Wyden are pressing Tether and Commerce Secretary Lutnick over a reported loan made to a trust tied to Lutnick's children.
Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.
Tether proposed merging Twenty One Capital with Strike and Elektron Energy in a two-stage deal to create the largest publicly traded Bitcoin firm. Twenty One Capital rose 6.6% in after-hours trading following the announcement, though it has fallen 15.8% year-to-date.