Tether has published its Q1 2026 attestation report, prepared by auditor BDO. The reserve buffer has grown to a record $8.23 billion, while the circulating supply of USDT tokens reached approximately $183 billion.
Despite global market volatility, the company’s net profit for the quarter amounted to $1.04 billion. Total assets stood at $191.77 billion, with liabilities totaling $183.54 billion, of which $183.44 billion were accounted for by issued tokens.
The reserve base consists primarily of short-term U.S. Treasury securities: direct and indirect exposure totals about $141 billion. By this metric, Tether ranks 17th among the world’s largest holders of U.S. government bonds. In addition to Treasuries, the reserves include physical gold worth $20 billion and BTC worth $7 billion.
In April, the circulating supply of USDT increased by more than $5 billion.