Tether, one of the largest stablecoin issuers in the cryptocurrency market, announced its first-quarter 2026 financial results. The company, which issues Tether (USDT), reported a net profit of approximately $1.04 billion as of March 31, demonstrating strong performance despite high volatility in global markets.
According to the report, the company’s total assets reached $191.8 billion, while its total liabilities amounted to $183.5 billion. The majority of these liabilities, approximately $183.4 billion, consisted of debts related to the issuance of digital tokens. Tether’s asset reserves, meanwhile, increased significantly, reaching an all-time high of $8.23 billion.
The circulating supply of USDT remains stable at approximately $183 billion, while the majority of reserves consist of highly liquid assets. The company’s portfolio includes approximately $141 billion in US Treasury bonds.
This makes Tether the 17th largest holder of US Treasury bonds globally. Additionally, its reserves include approximately $20 billion in physical gold and $7 billion in Bitcoin.
The company reportedly continued to increase its Bitcoin holdings, particularly during the first quarter, while its diversified reserve structure strengthened its financial resilience. Analysts note that Tether’s strong balance sheet creates a sense of security in the stablecoin market and increases the company’s influence in the global financial system.
This is not investment advice.
