Tether Reports $1.5 Billion Q2 Profit Amid USDT Growth and Increased Gold Holdings
Tether reported a net operating profit of $1.5 billion for the second quarter, marking nearly a 50% increase compared to Q1 2026. The stablecoin issuer attributed this growth to an expanded supply of its USDT token, which reached approximately $184.6 billion in circulation by June 30. Tether also reported holding over $187.75 billion in assets against about $183.64 billion in liabilities, resulting in a reserve surplus exceeding $4 billion. The company added 14 metric tons of physical gold to its holdings during the quarter, bringing total reserves above 146 metric tons. Tether reduced secured lending exposure by around $2.38 billion and maintained most USDT backing in short-term U.S. Treasuries and other liquid assets that contributed significantly to operating profit. Despite a weaker stablecoin market overall, Tether's market share for USDT rose above 60%. CEO Paolo Ardoino emphasized the company’s focus on financial inclusion and resilience across economic cycles.
Topics: gold holdings profit report reserves stablecoin