Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise
In briefTether reported approximately $1.5 billion in net operating profit for Q2 2026.The company said its reserves exceeded liabilities by $4.11 billion and USDT in circulation reached $184.6 billion.Tether added 14 metric tons of gold during the quarter, bringing its holdings to more than 146 metric tons. Tether reported $1.5 billion in net operating profit for the second quarter, a nearly 50% increase against Q1 2026, as the stablecoin issuer increased USDT in circulation, expanded its reserve surplus to more than $4 billion, and added to its gold holdings despite a weaker stablecoin market. The company reported the results Friday in its latest quarterly attestation. Tether said that as of June 30 it held about $187.75 billion in assets against approximately $183.64 billion in liabilities, leaving a reserve surplus of roughly $4.11 billion. “Without a doubt, Tether continues to deliver financial inclusion in the developing world like no other company or organization ever has in the history of humanity; were all incredibly proud of this achievement,” CEO Paolo Ardoino wrote on X. According to the report, USDT in circulation reached approximately $184.6 billion at the end of the quarter, up about $446 million from the end of March. Although the overall stablecoin market shrank