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According to Tether's first quarter performance report for 2026, the company's net profit was approximately $1.04 billion, with excess reserves rising to $823 million. As of March 31, 2026, the total assets are approximately $191.77 billion, and the total liabilities are approximately $183.54 billion, of which $183.44 billion corresponds to issued digital tokens. The USDT circulation scale is stable, and the total token related liabilities are approximately $183 billion. The reserves include about US $141 billion of US treasury bond bonds, US $20 billion of physical gold and US $7 billion of bitcoin.