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Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Authored by Nate Kostar via CoinTelegraph.com,
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 direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31.
Tether said this level of exposure makes it...
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Authored by Lance Roberts via RealInvestmentAdvice.com,
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