Tether just had a very good quarter. The stablecoin giant posted a $1.
With more than 650 million users worldwide, USDT recently broke a record. A staggering figure that primarily represents the millions of people who fled as a result of their own currency collapsing.
Stablecoin market shed off $15B in value in Q2
Reserves drop 50% amid volatility, but Treasury gains keep USD₮ fully backed
The CEO of a U.S. cross-border currency exchange business has been arrested in an alleged murder-for-hire plot, in a case with a crypto hook: prosecutors have tied the matter to a reported USDT payment. An arrest is not a conviction, and the allegations remain unproven in court.
Tether reported that its excess reserves fell by more than $4 billion in the second quarter, even as the stablecoin issuer said USDT remained fully backed and posted a positive net operating profit for the period. The decline in the reserve cushion is the headline change from the company's latest quarterly update.
Tether generated approximately $1.5 billion in net operating profit during the second quarter of 2026 as returns from US Treasury holdings and repo operations supported its earnings. Tether reports $4.1B in excess reserves Tether's total assets stood at approximately $187.
The company generated $1.5 billion in quarterly profits, primarily from U.S. Treasury holdings.
The latest attestation offers a snapshot of the assets backing the world's largest stablecoin, including U.S. Treasuries, repo agreements, and more than 146 metric tons of gold.
Tether's growth highlights the increasing reliance on stablecoins in emerging markets, raising questions about financial stability and regulatory oversight. Tether reports $1.5B net profit and 650M USDT users in Q2 2026.
Quarterly Profit: Tether generated about $1.50 billion in net operating profit, driven by U.S. Treasuries and repo. Reserve Strength: Tether's Assets reached $187.75 billion against $183.64 billion in liabilities, leaving a $4.11 billion surplus and reducing secured lending by $2.38 billion. Market Expansion: Tether's USD₮ issuance climbed to $184.
Tether's robust Q2 profit and increased gold reserves highlight its strategic resilience, potentially strengthening its market dominance and stability. Tether reports $1.5 billion Q2 profit and boosts gold reserves.