Tether posts over $1 billion Q1 profit as reserve buffer reaches record $8.2 billion
The Block
Stablecoin issuer Tether reported $1.04 billion in Q1 2026 profits, growing its excess reserve buffer to a record $8.23 billion.Summary
Stablecoin issuer Tether reported $1.04 billion in net profit for the first quarter of 2026, according to an attestation by BDO. The company's excess reserves reached a record $8.23 billion, reinforcing its financial stability. Tether's reserves are primarily composed of high-quality assets, including approximately $141 billion in U.S. Treasury bills, alongside $20 billion in gold and $7 billion in Bitcoin. CEO Paolo Ardoino emphasized that these results demonstrate Tether's commitment to building a resilient system capable of performing across varying market conditions.
(Source：The Block)