Tether posts $1.04B Q1 profit with $191.8B reserves, expanding gold and bitcoin holdings amid stablecoin scrutiny.

Tether International reported a $1.04 billion operating profit in Q1 2026, supported by $191.8 billion in total assets and nearly $183 billion in USDT circulation. The company's reserves are heavily weighted in U.S. Treasuries at $141 billion, with additional diversification into $20 billion in gold and $7 billion in bitcoin. This strategy leverages high-yield sovereign debt to generate earnings while broadening asset exposure, reflecting Tether's growing role in global dollar liquidity and stablecoin markets. The firm is also pursuing a full audit to improve transparency amid increasing regulatory scrutiny.