Tether Reports More than $1 Billion in Profits for the First Quarter of 2026, According to Share Reserve Report

Stablecoin issuer Bond It reports a net profit of $1.04 billion in the first quarter of 2026.

Participated in earnings news periodically attestation related to reserves and more produced by BDO.

Interesting notes provided by Tether:

• US Treasury Risk: Total direct and indirect risk reached 141 billion dollars. Tether is currently the 17th largest holder of US Treasury securities worldwide.

• Total Assets: $191.7 billion against liabilities of $183.5 billion.

• Reserve Composition: Reserves are concentrated predominantly in short-term, high-quality liquid instruments, including $20 billion in physical gold and $7 billion in Bitcoin.

• Market Expansion: Ongoing demand is said to have continued in Q2 and has already led to a $5 billion increase in USD₮ circulation, fueled by the launch of the self-custodial “Tether Wallet”.

CEO of Tether Paolo ArdoinoAs of April, Tether CEO said, “USD₮ continues to trade at or near all-time highs in circulation, with more than $5 billion USD₮ in circulation, reflecting continued demand in the second quarter, which is also reinforced by the launch of the Tether Wallet The People’s Wallet, a self-storage app built for the hundreds of millions of people around the world who use USD₮ as a lifeline every day.”

Tether stated that its investments are not part of this report. The digital asset company is allocating funds to a growing number of other digital asset companies. These include:

• Anchorage Digital ($100M+): A federally chartered digital asset bank that stores digital assets and issues USA₮ for Tether.
• Velocity ($8 million): A Bitcoin Lightning Network payment infrastructure company focused on stablecoin payments.
• KAIO ($8 million): A UAE-based tokenization firm focused on bringing traditional funds to blockchains.
• Crystal Intelligence: A blockchain intelligence firm specializing in forensics and compliance.
• Twenty One: A Bitcoin (BTC) treasury company.
• Whop: A financial technology marketplace.
• Northern Data Group: Invested in artificial intelligence and high-performance computing infrastructure that supports blockchain applications.

Diversification is crucial for Tether as the stablecoin market heats up and other participants enter the industry.

Tether remains the largest issuer of dollar-based stablecoins in the world. The market cap of USD₮ is approximately $190 billion.