Tether Reports $1.04 Billion First-Quarter Net Profit, Excess Reserves Reach $8.23 Billion

Tether said total assets were about $191.8 billion and liabilities about $183.5 billion as of March 31, with roughly $141 billion of reserves held in U.S. Treasuries.

USDT

29d ago

Fact Check

All key figures in the claim are directly confirmed by Tether's official newsroom (tether.to/en/news) and the linked tether.io press release dated May 1, 2026, which cites a BDO attestation. The $1.04B net profit, $8.23B excess reserves (all-time high), ~$191.8B total assets, ~$183.5B liabilities, ~$141B U.S. Treasuries, ~$20B gold, and ~$7B Bitcoin figures are all corroborated consistently across the official press release, the WuBlockchain X post quoting @tether directly, and the PANews X post. There are no conflicting figures found. The minor residual uncertainty (3%) reflects the fact that the full attestation document itself was not directly fetched, though the official newsroom and multiple independent crypto news sources all report identical numbers.

Summary

Tether, the issuer of the USDT stablecoin, reported about $1.04 billion in net profit for Q1 2026 and said its excess reserves reached a record $8.23 billion. As of March 31, 2026, the company reported total assets of about $191.8 billion and total liabilities of about $183.5 billion. Tether also said it held about $141 billion in U.S. Treasuries as part of the reserves backing its liabilities.

Terms & Concepts

USDT: Tether’s U.S. dollar-pegged stablecoin, widely used in crypto trading and payments across digital asset markets.
Excess reserves: Assets held above total liabilities, providing an additional buffer that can help support redemption capacity and balance-sheet strength.