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World’s largest stablecoin issuer Tether reported a strong start to 2026 after posting $1.04 billion in net profit for the first quarter. The company said the earnings were achieved despite distress in global financial markets during the period.
Tether said its excess reserves rose to an all-time high of $8.23 billion as of March 31. The firm noted that most of its reserves are held in short-term, high-quality liquid instruments.
In the report, Tether stated that its direct and indirect exposure to U.S. Treasury bills totaled about $141 billion as of the end of the first quarter.
Tether also reported sustained global usage of its stablecoin, pointing to continued stablecoin supply at scale through its circulating supply figures.
The company said it continued diversifying a portion of its reserves across both digital assets and physical assets. It reported precious metal holdings of about $20 billion in physical gold and total Bitcoin holdings worth about $7 billion.
Tether said the diversification is intended to balance liquidity needs while maintaining exposure to assets that may perform under macroeconomic stress.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
