Tether has released its first-quarter (Q1) 2026 attestation report, audited by BDO, a “top-five” global independent accounting firm. The report highlights what the company describes as continued momentum for the stablecoin issuer, including major financial figures and details on its reserve positioning.
Inside Tether’s ReservesA central part of the attestation focuses on reserve management. Tether said its reserves are primarily placed in short-duration, high-quality liquid instruments.
The crypto giant also provided additional information on reserve diversification beyond Treasuries bills. The company reported that precious metal holdings amount to approximately $20 billion and consist entirely of physical gold.
USDT At All-Time High Circulation In AprilPaolo Ardoino, Tether’s chief executive officer, commented on the company’s approach in the report. “Our responsibility is to make sure USDT works without compromise,” he said. “That means building a system that behaves the same way in any market condition, not just when things are stable.
The executive also added, “The focus is on keeping the structure simple, liquid, and resilient by design, so it does not depend on favorable environments or external support. People should not have to question whether the system works; it just has to work.”
He described this as reflecting sustained demand into the second quarter. The CEO added that this demand is reinforced by the release of the Tether Wallet, “The People’s Wallet,” which is a self-custody application built for the hundreds of millions of people who use USDT daily as a lifeline.
Featured image created with OpenArt, chart from TradingView.com
