Tether held approximately $7 billion in Bitcoin and approximately $20 billion in physical gold in the first quarter, with net profits reaching $1.04 billion.

CoinFeed reported on May 1st that Tether released its Q1 2026 earnings report, showing that the company achieved a net profit of approximately $1.04 billion amidst highly volatile global markets, and its excess reserves rose to $8.23 billion, further strengthening the security of USDT reserves. As of March 31, 2026, Tether's total assets were approximately $191.77 billion, and total liabilities were approximately $183.54 billion, of which approximately $183.44 billion corresponded to issued digital tokens, with assets exceeding liabilities by $8.23 billion. During the same period, the circulating supply of USDT remained stable, with total token-related liabilities of approximately $183 billion.