Paolo Ardoino Drives $1.04B Profit for Tether as Reserves Climb to $8.23B in Q1
Briefly

Paolo Ardoino Drives $1.04B Profit for Tether as Reserves Climb to $8.23B in Q1
"Tether generated approximately $1.04 billion in net profit for the three months ending March 31, 2026. Excess reserves climbed to a record $8.23 billion, reinforcing the firm's buffer above liabilities tied to its USDT token."
"Exposure to U.S. Treasury bills reached approximately $141 billion, positioning the company among the largest holders of U.S. government debt globally. The reserve mix also includes diversification into other asset classes."
"Holdings of physical gold totaled about $20 billion, while bitcoin exposure stood at roughly $7 billion. These positions are designed to provide resilience during periods of macroeconomic stress."
Tether Holdings achieved a net profit of approximately $1.04 billion for Q1 2026, with excess reserves hitting a record $8.23 billion. Total assets amounted to around $191.8 billion, while liabilities were approximately $183.5 billion. The company holds about $141 billion in U.S. Treasuries, making it one of the largest holders of U.S. government debt. Additionally, Tether has diversified its reserves with $20 billion in gold and $7 billion in bitcoin, aiming to enhance resilience during economic fluctuations.
Read at news.bitcoin.com
Unable to calculate read time
[
|
]