Tether Prints $1 Billion Q1 Profit, But Its $8.23 Billion War Chest Remains Contested
BeInCrypto
Tether reported a $1.04 billion first-quarter profit, reaching an $8.23 billion reserve buffer, though the figures remain attested rather than fully audited.Summary
Tether reported $1.04 billion in net profit for the first quarter of 2026, bolstered by high yields on its $141 billion U.S. Treasury holdings. The company's total reserve buffer has reached a record $8.23 billion, though this figure consists of accumulated interest and volatile assets like gold and Bitcoin. While Tether has officially commenced a full audit, the current reserves rely on quarterly attestations by BDO, leaving the capital position contested until a complete audit is finalized.
(Source：BeInCrypto)