DeFi Intel

Tether Treasury Holdings company

As of 2026-03-31 · Source: Tether Q1 2026 attestation (BDO Italia) · view source

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Tether Limited's USDT reserves are attested quarterly by BDO Italia. The Q1 2026 attestation (March 31, 2026) reported about $191.7B in total assets against roughly $183.5B USDT outstanding — about 104.5% coverage — with cash & cash equivalents (largely US Treasuries) of ~$141.2B plus BTC, gold and other investments. The dominant USDT supply is on Tron.

$339.70BTotal disclosed value
4Asset positions
0Public wallets
2026-03-31As of

Asset holdings

AssetAmountUSD value (disclosed)
USDT (issued)
Outstanding USDT (Tron+ETH+others)
183,500,000,000$183.5B
BTC
Reserve allocation
84,630$7.0B
Gold (oz)
Physical gold reserve
1,843,000$8.0B
Cash & equivalents (USD)
Cash, US Treasuries & repo
141,200,000,000$141.2B

Sources

Methodology

Treasury values are revised quarterly using public 13F / 13G / 8-K filings, issuer disclosures, and labeled on-chain wallets (Arkham, Chainalysis published lists). USD values are seed values from the disclosure date and may differ from current spot. See the methodology page for full details.

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