Tether releases Q1 2026 audit report, achieving a net profit of approximately $1.04 billion during the period, with excess reserves rising to a record high of $8.23 billion. As of March 31, USDT-related liabilities are approximately $183 billion, with reserves mainly in short-term highly liquid assets, including about $141 billion in U.S. Treasury bonds; additionally, holding about $20 billion in gold and $7 billion in Bitcoin. The report states that total assets are approximately $191.7 billion, maintaining an overall over-collateralized structure.