Tether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has Begun

Tether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has Begun

Tether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has Begun Price data byDecryptNewsBusinessTether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has BegunStablecoin giant Tether says it holds over $141 billion in U.S. Treasuries, a figure that has never been verified by a full audit.By Sander LutzEdited by Andrew HaywardMay 1, 2026May 1, 20262 min readTether's USDT stablecoin. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Tether reported $1.04 billion in Q1 2026 profit. The USDT issuer said it has also grown its reserve buffer to a record $8.23 billion. The company claims it holds $141 billion in U.S. Treasuries, though these figures have not yet been fully audited. Tether reported more than $1 billion in profit for the first quar

Source: https://decrypt.co/366324/tether-reports-billion-dollar-profit-amid-crypto-slump-audit-begun