Tether Reports $1.04 Billion Profit as Treasury Holdings Drive Q1 Growth
2026-05-03
Tether reported strong financial performance in its Q1 2026 attestation released on May 1, highlighting continued growth in reserves and profitability. The attestation, prepared by BDO, confirmed a net profit of approximately $1.04 billion alongside an excess reserve buffer reaching $8.23 billion, reinforcing the firm’s financial stability. The company attributed its quarterly profit largely to […]
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