- Tether reported approximately $1.5 billion in net operating profit for Q2 2026, a nearly 50% increase from Q1.
- The company’s reserves exceeded liabilities by $4.11 billion, with USDT in circulation reaching $184.6 billion.
- Tether added 14 metric tons of Gold during the quarter, bringing its total holdings to more than 146 metric tons.
Tether reported $1.5 billion in net operating profit for the second quarter of 2026, a nearly 50% increase from the first quarter, as the stablecoin issuer expanded its reserve surplus and gold holdings. The company disclosed the results Friday in its latest quarterly attestation, stating that as of June 30 it held approximately $187.75 billion in assets against $183.64 billion in liabilities.
CEO Paolo Ardoino wrote on X that Tether continues to deliver financial inclusion in the developing world. According to the report, USDT in circulation reached roughly $184.6 billion at the end of the quarter, up about $446 million from March. Although the overall stablecoin market shrank, Tether said USDT’s market share increased to more than 60%.
Most of the assets backing USDT remain invested in short-term U.S. Treasuries and repurchase agreements, which generated most of the quarter’s operating profit. The company also reduced its secured lending exposure by approximately $2.38 billion, or 15%, during the quarter.
Tether added 14 metric tons of physical gold, increasing its holdings to more than 146 metric tons. Ardoino contrasted the company’s strategy with the financial industry’s focus on soaring AI stock valuations, saying Tether is investing in technologies that expand access to financial services. “These results show that Tether has the liquidity, discipline and scale to remain resilient across market cycles,” he said.
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