Tether Delivers $1.5B in Net Operating Profit for Q2 and Lifts Gold Reserves Above 146 Tons
TL;DR
- 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 $184.6 billion, market share exceeded 60%, gold reserves rose by 14 tons, and the global user base grew by more than 30 million users.
Tether International, S.A. de C.V. released its Q2 2026 attestation, confirming the accuracy of its financial figures and reserve reporting through BDO. The review highlights continued growth in USD₮ issuance, stronger reserve positioning, and a substantial quarterly profit despite volatility across major asset classes. The update reinforces Tether’s focus on liquidity, short‑duration instruments, and disciplined balance sheet management.
Strong Quarterly Profit and Expanding Market Share
USD₮ issuance reached approximately $184.6 billion at the end of Q2, marking a $446 million increase from Q1 even as the broader digital asset market contracted. The stablecoin’s market share climbed above 60%, underscoring its role as a core settlement and liquidity instrument across global markets. Tether’s reserve strategy remained anchored in high‑quality liquid assets, with U.S. Treasuries and repo driving a net operating profit of roughly $1.50 billion for the quarter. Management noted that Tether continues to rank among the world’s largest buyers of U.S. government securities.
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