PANews reported on May 1 that Tether released its Q1 2026 earnings report, showing that the company achieved a net profit of approximately $1.04 billion in a highly volatile global market environment, 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 its 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.

In terms of reserve structure, Tether continues to focus on short-duration, highly liquid assets, holding approximately $141 billion in US Treasury bonds directly and indirectly, making it the 17th largest holder of US Treasury bonds globally. In addition, its reserves include approximately $20 billion in physical gold and approximately $7 billion in Bitcoin holdings.

Paolo Ardoino stated that Tether's core objective is to ensure USDT's stable operation in any market environment, without relying on external support. As of April, USDT's circulating supply continued to approach historical highs, with an increase of over $5 billion compared to the previous month, reflecting the continued growth in global demand for the digital dollar.