TLDR Tech / Crypto
Tether Posts $1.04B Q1 Profit, Reaches Record $8.23B Reserve Buffer
Tether's Q1 2026 attestation reported $1.04 billion in net profit and a record $8.23 billion excess reserve buffer, a slower pace than the $10 billion-plus annual profit Tether posted in 2025. Reserve composition as of March 31 included $141 billion in US Treasury bills, roughly $20 billion in physical gold, and approximately $7 billion in bitcoin, backing $183 billion in USDT liabilities. BDO's report is a point-in-time attestation, not a full financial audit.
Read the full story