Tether posted $1.04 billion in Q1 2026 web revenue and a document Tether revenue reserve buffer of $8.23 billion, backed primarily by $141 billion in US Treasuries, in a quarterly attestation revealed Might 1 by accounting agency BDO, its most detailed monetary disclosure thus far.
Abstract
- Tether revenue of $1.04 billion in Q1 represents a buffer progress of 47% 12 months on 12 months, with extra reserves rising from $5.6 billion in Q1 2025 to $8.23 billion in Q1 2026 and whole property reaching $191.77 billion in opposition to $183.54 billion in liabilities.
- The $141 billion US Treasuries place makes Tether the Seventeenth-largest holder of American authorities debt globally, with $20 billion in bodily gold and $7 billion in Bitcoin rounding out the reserve base.
- A proper KPMG audit commenced in March 2026, transferring Tether towards a full Huge 4 audit for the primary time after years of counting on attestations from BDO and a earlier Italian accounting agency.
Tether revenue and reserve figures had been revealed within the firm’s Q1 2026 attestation on Might 1. The official Tether press launch confirmed that the attestation was ready by BDO and confirmed a web revenue of roughly $1.04 billion and an extra reserve buffer of $8.23 billion. “Our accountability is to verify USDT works with out compromise,” stated CEO Paolo Ardoino. “Meaning constructing a system that behaves the identical means in any market situation, not simply when issues are secure.” The Q1 revenue is pushed by Tether’s $141 billion Treasury place, which at prevailing Treasury invoice charges above 4% would generate roughly $4 billion in annualised curiosity earnings.
The timing of the disclosure is politically consequential. As crypto.information reported, US banks have been pushing arduous to sluggish the GENIUS Act rulemaking, partly as a result of the act would require stablecoin issuers to carry absolutely verified greenback reserves. Tether has lengthy resisted full disclosure and has by no means produced a Huge 4 audit. The KPMG engagement introduced in March 2026 is the clearest signal but that the corporate is making ready for the formal audit commonplace the GENIUS Act is predicted to require. As crypto.information documented, the FDIC proposed GENIUS Act guidelines requiring stablecoin issuers to take care of 1:1 reserves backed by money or extremely liquid devices, a regular Tether’s reserve breakdown technically meets however which requires full audit verification quite than an attestation to fulfill regulators and institutional counterparties. As crypto.information tracked, the GENIUS Act was signed into legislation in July 2025 and is scheduled to take full impact no later than January 18, 2027, giving Tether a finite runway to supply verified compliance.
