MILESTONE | USDT Stablecoin Buffer Rises to an All-Time High in Q1 2026

Stablecoin issuer, Tether, has reported a net profit of $1.04 billion in the first quarter of 2026 even as global markets experienced heightened volatility, according to its latest attestation report.

The company said its excess reserve buffer rose to an all-time high of $8.23 billion during the period reinforcing its ability to maintain stability for its flagship USDT stablecoin.

Highlights:

• ~1.04B in net profits for Q1 2026
• ~183.5B total issued USDT, end of Q1 2026
• ~191.7B total assets/reserves, end of Q1 2026
• ~8.2B excess reserves, on top of the 100% reserves in liquid assets that back all issued tokens, end of Q1 2026
• ~141B in US treasuries (direct + indirect exposure), end of Q1 2026.

Tether maintained a reserve composition heavily weighted toward U.S. Treasuries continuing its strategy of backing issued tokens with highly liquid, dollar-denominated assets. This approach has helped the firm generate significant income from interest-bearing instruments while supporting the 1:1 peg of USDT to the U.S. dollar.

Speaking on the latest attestation report, Paolo Ardoino, CEO, Tether, said:

“Our responsibility is to make sure USD₮ works without compromise.

That means building a system that behaves the same way in any market condition, not just when things are stable. The focus is on keeping the structure simple, liquid, and resilient by design, so it does not depend on favorable environments or external support. People should not have to question whether the system works; it just has to work.

As of April[2026], USD₮ continues to trade at or near all-time highs in circulation, with an increase of more than 5 billion USD₮, reflecting sustained demand into the second quarter, reinforced also by the release of the Tether Wallet, The People’s Wallet, a self-custody application built for the hundreds of millions of people in the world that use USD₮ daily as their lifeline.”

The results come despite turbulent macro-economic conditions and ongoing fluctuations across crypto markets highlighting the firm’s resilience and the profitability of its reserve management model.

Tether remains the largest stablecoin issuer globally with its business model centered on investing reserves, primarily in short-term government debt, and retaining the yield as profit while ensuring sufficient liquidity for redemptions.

Stay tuned to BitKE on stablecoin developments globally.

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