Tether reported a net profit of approximately $1.04 billion for the first quarter of 2026, according to its latest attestation. The stablecoin issuer’s excess reserves reached $8.23 billion, backed by $141 billion in U.S. Treasury holdings generating nearly $4 billion in annualized income. The company also expanded its gold reserves to 132 tonnes, valued at about $19.8 billion.
Tether posted strong financial results in its Q1 2026 attestation prepared by BDO, confirming a net profit of roughly $1.04 billion. The company’s excess reserve buffer stood at $8.23 billion, reinforcing its financial stability.
The quarterly profit was largely attributed to its $141 billion exposure to U.S. Treasury holdings. CEO Paolo Ardoino emphasized operational resilience, stating the system must function consistently under all market conditions.
Tether expanded its commodity holdings by adding over six tonnes of gold in the quarter. Information revealed in a post shows total gold holdings now stand at 132 tonnes with a valuation of $19.8 billion.
This move aims to diversify the assets held in its reserves. It reflects a strategic response to rising crypto market demands regarding reserve structure and liquidity control.
The reported gold purchases position Tether among notable global buyers, with activity levels approaching those of sovereign entities. In 2025, the company was a larger buyer of gold than most central banks.
Meanwhile, regulatory developments continue to shape the firm’s operational outlook. The GENIUS Act requires it to perform a comprehensive audit before a January 2027 deadline.
