In brief
- Tether reported $1.04 billion in Q1 2026 profit.
- The USDT issuer said it has also grown its reserve buffer to a record $8.23 billion.
- The company claims it holds $141 billion in U.S. Treasuries, though these figures have not yet been fully audited.
Tether reported more than $1 billion in profit for the first quarter of 2026, against a backdrop of broader crypto market volatility, the company announced Friday.
The world’s top stablecoin issuer said net profit reached approximately $1.04 billion for the quarter. The company also reported that its buffer between the total value of its stablecoins in circulation, and the amount of reserves it has on hand to back those assets, has grown to an all-time high of $8.23 billion.
