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Bitcoin.com
2026-05-02 08:30:20

Paolo Ardoino Drives $1.04B Profit for Tether as Reserves Climb to $8.23B in Q1

Paolo Ardoino Drives $1.04B Profit for Tether as Reserves Climb to $8.23B in Q1

Tether posted over $1 billion in profit for the first quarter of 2026, with excess reserves reaching a record $8.23 billion. The stablecoin issuer continues to anchor its backing in U.S. Treasuries while expanding into gold and bitcoin. Key Takeaways: Tether posted $1.04B profit in Q1 2026, with reserves hitting a record $8.23B. Tether holds

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