Tether News: Q2 Profit Hits $1.5B as USDT Supply Reaches $184.6B
Key Insights
- Tether news showed quarterly operating profit reached $1.5 billion.
- USDT issuance increased despite contraction across the stablecoin market.
- Treasury bills and repos remained the main reserve assets.
Tether news showed the stablecoin issuer earned $1.5 billion in second-quarter operating profit. Tether published the BDO-backed attestation on July 31, covering reserves held on June 30.
The result showed how interest income still supported Tether crypto earnings during weaker market conditions. USDT supply also expanded while the wider stablecoin sector contracted during the quarter.
Tether News Details Profit and Reserve Position
Tether said U.S. Treasury holdings and repurchase agreements drove quarterly operating profit. The company held $187.75 billion in assets against $183.64 billion in liabilities.
That difference left a $4.11 billion excess reserve buffer at quarter-end. Digital tokens issued accounted for $183.62 billion of reported liabilities.
The cushion narrowed from $8.23 billion at Marchโs close, Tetherโs first-quarter statement showed. That decline followed lower asset values and net capital movements during the first half.
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