Tether posted $1.04 billion in Q1 2026 web revenue and a file Tether revenue reserve buffer of $8.23 billion, backed primarily by $141 billion in US Treasuries, in a quarterly attestation printed Could 1 by accounting agency BDO, its most detailed monetary disclosure to this point.
Abstract
- Tether revenue of $1.04 billion in Q1 represents a buffer progress of 47% 12 months on 12 months, with extra reserves rising from $5.6 billion in Q1 2025 to $8.23 billion in Q1 2026 and complete belongings reaching $191.77 billion in opposition to $183.54 billion in liabilities.
- The $141 billion US Treasuries place makes Tether the Seventeenth-largest holder of American authorities debt globally, with $20 billion in bodily gold and $7 billion in Bitcoin rounding out the reserve base.
- A proper KPMG audit commenced in March 2026, shifting Tether towards a full Large 4 audit for the primary time after years of counting on attestations from BDO and a earlier Italian accounting agency.
Tether revenue and reserve figures had been printed within the firm’s Q1 2026 attestation on Could 1. The official Tether press launch confirmed that the attestation was ready by BDO and confirmed a web revenue of roughly $1.04 billion and an extra reserve buffer of $8.23 billion. “Our responsibility is to make sure USDT works without compromise,” mentioned CEO Paolo Ardoino. “That means building a system that behaves the same way in any market condition, not just when things are stable.” The Q1 revenue is pushed by Tether’s $141 billion Treasury place, which at prevailing Treasury invoice charges above 4% would generate roughly $4 billion in annualised curiosity earnings.
The timing of the disclosure is politically consequential. As crypto.information reported, US banks have been pushing onerous to gradual the GENIUS Act rulemaking, partly as a result of the act would require stablecoin issuers to carry totally verified greenback reserves. Tether has lengthy resisted full disclosure and has by no means produced a Large 4 audit. The KPMG engagement introduced in March 2026 is the clearest signal but that the corporate is making ready for the formal audit normal the GENIUS Act is anticipated to require. As crypto.information documented, the FDIC proposed GENIUS Act guidelines requiring stablecoin issuers to keep up 1:1 reserves backed by money or extremely liquid devices, a normal Tether’s reserve breakdown technically meets however which requires full audit verification slightly than an attestation to fulfill regulators and institutional counterparties. As crypto.information tracked, the GENIUS Act was signed into regulation in July 2025 and is scheduled to take full impact no later than January 18, 2027, giving Tether a finite runway to provide verified compliance.
