Tether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve buffer

Tether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve buffer

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailTether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve bufferThe stablecoin issuer said the crypto market was highly volatile during the first quarter.By Olivier Acuna|Edited by Sheldon Reback May 1, 2026, 4:23 p.m. 2 min readMake preferred on Tether CEO Paolo Ardoino (Modified by CoinDesk)What to know: Tether reported first-quarter net profit of $1.04 billion and said its excess reserves rose to a record $8.23 billion.The issuer of the USDT stablecoin said its total assets are just under $192 billion against liabilities of slightly more than $183.5 billion, with most reserves in U.S. government-backed instruments.Tether now counts roughly $20 billion in physical gold and about $7 billion in bitcoin among its reserves, as st

Source: https://www.coindesk.com/business/2026/05/01/tether-posts-usd1-04-billion-q1-profit-reaches-usd8-23-billion-reserve-buffer