Tether posts $1.04B Q1 2026 profit with record $8.23B reserves, backed by $141B in U.S. Treasuries.

Tether reported a net profit of $1.04 billion in Q1 2026 despite volatile global markets, with total assets surpassing $191 billion against liabilities of $183 billion. The company’s reserves reached a record $8.23 billion, largely backed by $141 billion in short-duration U.S. Treasury bills, making it the 17th largest U.S. Treasury holder worldwide. Additional assets include $20 billion in gold and $7 billion in Bitcoin, balancing liquidity and resilience. USD₮ circulation grew by over 5 billion tokens, partly driven by the new Tether Wallet launch, supporting daily use by millions globally.