Tether Emerges as 17th Largest US Treasury Holder Following $1.04 Billion Profit
News By Caroline Amosun Fri, 1/05/2026 - 16:12 Tether has closed the first quarter of the year with a massive net profit of $1.04 billion, emerging as the 17th largest U.S. treasury holder. Advertisement
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World's largest stablecoin issuer Tether has just released its Q1 2026 report, showcasing a strong start to 2026 after amassing $1.04 billion in net profit for the first quarter of the year.
The firm noted that it achieved this massive earnings despite the distress faced by global financial markets over the period.
Tether hits ATH of $8.23 billion in excess reserves
Following the remarkable performance seen at the start of the year, the firm further reported that its excess reserves jumped to an all-time high of $8.23 billion as of March 31.
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As such, Tether has now become the 17th largest holder of U.S. Treasuries globally as the firm remains a key player in managing international demand for the dollar-based assets.
Following the strong performance recorded at the start of the year, Tether's total assets stood at about $191.8 billion. This exceeds its liabilities of $183.5 billion, which are majorly tied to issued USDT tokens.
AdvertisementTether has also reported a sustained global usage of its stablecoin as its circulating supply remains at scale.
Tether diversifies reserve with BTC and Gold
In its report, Tether revealed that it has continued to diversify a portion of its reserves across both digital assets and physical assets.
Notably, its precious metal holdings include about $20 billion in physical gold and its total Bitcoin holdings are worth about $7 billion.
The diversification in the company's holdings aims to balance liquidity needs while also maintaining exposure to assets that can perform under macroeconomic stress.
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