Tether Increases Gold Holdings to Over 146 Tons in Q2
Stablecoin issuer Tether reported a net operating profit of $1.5 billion for the second quarter, driven by interest from U.S. Treasury holdings and repurchase agreements. The company's reserves exceeded liabilities by approximately $4.11 billion as of June 30, with total assets reaching $187.75 billion. Tether also increased its gold holdings to over 146 tons during the quarter, adding 14 tons in Q2 alone and bringing the value of its gold reserves to around $18.8 billion. CEO Paolo Ardoino emphasized Tether's resilience across market cycles while continuing to support a global user base. The report was attested by BDO, an independent accounting firm ranked among the top five globally.
Topics: reserves stablecoins Tether Treasury holdings USDT