Stablecoin Wins Big Profit While Audits Get Underway
Tether, the biggest issuer of stablecoins, earned a profit of about $1. 04 billion in the first quarter of 2026, even though crypto prices were shaky. The company says it now has a reserve cushion of $8. 23 billion, the highest it has ever reported. It claims to hold roughly $141 billion in U.