Tether Increases Gold Holdings to Over 146 Tons
Stablecoin issuer Tether reported in its second-quarter attestation that it increased physical gold holdings by 14 tons, bringing the total to over $18.8 billion worth of gold as of June 30, 2026. The company also generated a net operating profit of $1.5 billion during Q2 due to interest earned on U.S. Treasury holdings and repurchase agreements. Tether's reserves exceeded liabilities by approximately $4.11 billion at the end of the quarter, with total assets reaching $187.75 billion compared to liabilities of $183.64 billion. The company reduced its secured lending exposure by around $2.38 billion and saw an increase in USDT issuance, which reached $184.6 billion at the end of Q2. Tether CEO Paolo Ardoino emphasized that Tether remains fully backed with reserves exceeding liabilities while maintaining liquidity across market cycles.
Topics: gold holdings reserves Tether USDT stablecoin