Tether releases its Q1 stablecoin attestation report.
Tether has published the stablecoin attestation for Q1 2026 as audited by BDO. Its overcollateralization of stablecoin reserves grew to $8.2B from $6.3B, while the share of non-cash or cash equivalent assets increased from 23.6% to 26.3%. Also, the largest stablecoin issuer has recorded $1B in net profit.
While total assets remained relatively similar, the specific value of Cash Equivalent & Other Short-Term Deposits decreased from $147B to $141B from the last stablecoin attestation period.
Particularly, the biggest reduction can be seen to U.S. Treasury Bills currently marked at $117B, down from $122B back in December. Also, Bitcoin holdings on Tether’s balance sheets has decreased from $8.4B to $6.6B.
For other assets audited, the value of its precious metals, corporate strategic investments, and secured loans each roughly grew $1B – $2B by end of March 2026. Overall, this shows a greater asset diversification from Tether in its stablecoin reserves since January.
