Tether posts $1.5 B Q2 profit as USDT supply reaches $184.6 B
Tether Ltd. reported a net operating profit of about $1.5 billion for the second quarter of 2026, driven primarily by returns on U.S. Treasury securities and repurchase‑agreement investments. The company’s balance sheet showed total assets of $187.75 billion against liabilities of $183.64 billion, leaving an excess‑reserve cushion of $4.11 billion – roughly half the level recorded at the end of the first quarter.
USDT circulation grew to approximately $184.6 billion, giving the stablecoin a market‑share of more than 60 % of the global stablecoin ecosystem. Physical gold holdings rose by 14 tons, bringing total gold reserves to over 146 tons, while Bitcoin holdings increased to about 98,933 BTC, valued at roughly $5.8 billion. Secured‑lending exposure was cut by about $2.4 billion, and the user base expanded by more than 30 million accounts during the quarter.
Despite a broader contraction in the stablecoin market, Tether’s diversified reserve portfolio – dominated by high‑quality liquid assets such as U.S. government securities – allowed the firm to maintain profitability and continue expanding its liquidity infrastructure.
Entities: BDO · Bitcoin · Gold · Paolo Ardoino · Tether Ltd. · U.S. Treasury · U.S. Treasury securities · USDT
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 15 SOURCES] Tether generated $1.5 billion net operating profit in Q2 2026. (existing)
- [● 15 SOURCES] Tether reduced secured‑lending exposure by roughly $2.4 billion in Q2 2026. (existing)
- [● 15 SOURCES] Tether's excess reserves were $4.11 billion at the end of Q2 2026. (existing)
- [● 15 SOURCES] Tether's total assets were $187.75 billion and total liabilities $183.64 billion at the end of Q2 2026. (existing)
- [● 15 SOURCES] Tether's Bitcoin holdings were about 98,933 BTC, valued at roughly $5.8 billion at the end of Q2 2026. (existing)
- [● 15 SOURCES] Tether added 14 tons of physical gold in Q2 2026, bringing total gold holdings to over 146 tons. (existing)
- [● 15 SOURCES] USDT circulation reached approximately $184.6 billion by June 30, 2026. (existing)
- [● 15 SOURCES] USDT held more than 60 % of the global stablecoin market in Q2 2026. (existing)