Tether has launched its first-quarter (Q1) 2026 attestation report, audited by BDO, a “top-five” world impartial accounting agency. The report highlights what the corporate describes as continued momentum for the stablecoin issuer, together with main monetary figures and particulars on its reserve positioning.
Inside Tether’s Reserves
Within the report, Tether stated it generated roughly $1.04 billion in web revenue. It additionally said that the dimensions of USDT in circulation remained broadly secure round present ranges. As of March 31 of this 12 months, the corporate reported whole token-related liabilities of roughly $183 billion.
A central a part of the attestation focuses on reserve administration. Tether stated its reserves are primarily positioned in short-duration, high-quality liquid devices.
In line with the report, as of March 31, direct and oblique publicity to US Treasury payments (T-Payments) totaled roughly $141 billion. Notably, Tether stated this construction makes it the seventeenth largest holder of US Treasuries globally.
The crypto big additionally supplied extra info on reserve diversification past Treasuries payments. The corporate reported that valuable metallic holdings quantity to roughly $20 billion and consist totally of bodily gold.
It additional said that Bitcoin (BTC) holdings had been roughly $7 billion. Tether framed this combine as a stability between retaining reserves liquid and resilient, whereas nonetheless sustaining some publicity to macro property which will maintain up during times of market stress.
USDT At All-Time Excessive Circulation In April
Paolo Ardoino, Tether’s chief government officer, commented on the corporate’s strategy within the report. “Our responsibility is to make sure USDT works without compromise,” he stated. “Meaning constructing a system that behaves the identical approach in any market situation, not simply when issues are secure.
The chief additionally added, “The focus is on keeping the structure simple, liquid, and resilient by design, so it does not depend on favorable environments or external support. People should not have to question whether the system works; it just has to work.”
Ardoino additionally pointed to current developments in USDT circulation. He famous that as of April, the stablecoin continues to commerce at or close to all-time highs in circulation, with a rise of greater than 5 billion USDT.
He described this as reflecting sustained demand into the second quarter. The CEO added that this demand is bolstered by the discharge of the Tether Pockets, “The People’s Wallet,” which is a self-custody utility constructed for the tons of of tens of millions of people that use USDT day by day as a lifeline.
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