Stablecoin giant Tether raked in $1.04 billion in Q1! Excess reserves soared to a record high of $8.23 billion, solidifying its position as the 17th largest holder of U.S. Treasuries globally.

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The money printer keeps running! Stablecoin giant Tether has released its Q1 2026 financial report audited by BDO. Despite facing severe global market volatility, Tether raked in $1.04 billion in profit for the quarter, with its excess reserves soaring past $8.23 billion to hit an all-time high. Data reveals that Tether currently holds $141 billion in U.S. Treasuries, ranking as the 17th largest holder of U.S. debt globally; it also holds $20 billion in gold and $7 billion in Bitcoin. (Previous coverage: Tether announces the creation of a "Bitcoin Berkshire": Subsidiary 21 Capital announces merger with Strike and mining firm Elektron, XXI rose 8% intraday) (Background: U.S. Senator investigates alleged mutual benefits between Tether and "Secretary of Commerce": Children's trust received a sum of money) The world's largest stablecoin issuer, Tether, has once again demonstrated its astonishing profitability and asset reserve capabilities to the market. Tether International officially released its Financial Figures and Reserves Report for the first quarter of 2026 yesterday (1st), audited by BDO, one of the world's top five independent accounting firms. The report confirms that as of March 31, 2026, despite facing a highly volatile macroeconomic environment, Tether continued to demonstrate extreme resilience and capital-attracting power. Financial data shows that Tether generated approximately $1.04 billion in net profit in the first quarter. This strong earnings performance directly drove the company's "excess reserves" to a record high of $8.23 billion. Tether officials pointed out that if this excess reserve were calculated separately, its scale would be sufficient to make it the third-largest stablecoin in the world. According to management's statement as of March 31, the specific data on Tether's balance sheet is as follows: - Total assets: Up to $191,767,741,495 (approximately $191.76 billion). - Total liabilities: $183,535,531,717, of which approximately $183.4 billion relates to the issuance of digital tokens (USDT). - Assets exceed liabilities: Total assets exceed liabilities by $8,232,209,778 (i.e., excess reserves). In addition, the report specifically clarifies that proprietary investments held by the company through "Tether Investments" are allocated from excess capital and profits and are completely segregated from USDT reserves, ensuring that the liquidity and transparency behind the tokens are not affected. Regarding the allocation of reserve assets, Tether continues to adhere to the principle of "short-term, high liquidity." As of the end of March, Tether's direct and indirect exposure to U.S. Treasuries reached $141 billion. This massive scale not only provides strong liquidity management support in a volatile market but also cements Tether's position as the 17th largest holder of U.S. Treasuries globally, highlighting its status as a key conduit for international USD demand. In addition to U.S. Treasuries, Tether also provided clear figures on the diversification of its macro assets: - Physical gold: Approximately $20 billion. - Bitcoin: Approximately $7 billion. Regarding this impressive financial report, Tether CEO Paolo Ardoino emphasized the importance of system resilience in a statement: "Our responsibility is to ensure that USDT operates without obstruction under any market conditions, not just when the environment is stable. The focus is on maintaining a structure that is simple, liquid, and resilient." Ardoino also revealed a strong start to the second quarter, noting that as of April, the circulation of USDT continues to hover near historical highs, with a monthly increase of over $5 billion. He attributes this wave of sustained demand in part to the newly launched Tether Wallet. This is a "self-custody" application built for hundreds of millions of daily users worldwide who view USDT as an economic lifeline.

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