Tether reports $1.04B profit in Q1 as Treasury holdings reach $141B

Tether reports $1.04B profit in Q1 as Treasury holdings reach $141B

0.18%BTC$78,192 2.48%XLM$0.1603 0.81%TRX$0.3258 0.06%XMR$387.17 1.23%DOGE$0.1094 2.86%BCH$450.87 2.23%ADA$0.2487 0.94%BNB$617.23 0.19%ETH$2,293 1.59%SOL$83.77 1.03%HYPE$41.04 3.69%XRP$1.38 1.61%Written by Nate Kostar⁠, Staff Writer. Reviewed by Sam Bourgi⁠, Staff Editor. Written by Nate Kostar⁠, Staff Writer. Reviewed by Sam Bourgi⁠, Staff Editor. Tether reports $1.04B profit in Q1 as Treasury holdings reach $141BLatest NewsPublishedMay 1, 2026The top stablecoin issuer’s balance sheet remains heavily concentrated in US Treasuries as stablecoin adoption expands across emerging markets. Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday. The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in di

Source: https://cointelegraph.com/news/tether-reports-104-b-profit-in-q1-as-treasury-holdings-reach-141b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound