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.
The Nairobi Securities Exchange and Tether signed a memorandum of understanding to advance digital asset adoption, blockchain infrastructure and investor education in Kenya.
The Nairobi Securities Exchange is testing how blockchain can improve market access, settlement, and investor participation.
Tether and the Nairobi Securities Exchange will explore tokenized securities, instant settlement, investor education and possible USDT use.
The agreement covers tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer.
Tether said that it signed a Memorandum of Understanding with the Nairobi Securities Exchange to explore digital-asset education, tokenization and market infrastructure. The partnership puts investor training at the front of the initiative, with proposed workshops and structured programs aimed at NSE-listed brokers and retail investor groups.