Tether Records $1.04 Billion in Net Profit for Q1 2026, Surplus Reserves Also Expand

On May 1, Tether published its financial report for the first quarter of 2026 (January to March). According to a certificate prepared by the major accounting firm BDO, the net profit for the quarter was approximately $1.04 billion, and the surplus in reserves expanded to a record high of $8.23 billion. As of March 31, the total liabilities related to the circulation of USDT were about $183.5 billion, with total assets amounting to approximately $191.8 billion.