Tether’s latest financial report reveals a net operating profit of $1.5 billion in the second quarter of 2026, with its assets exceeding liabilities by $4.11 billion. The stablecoin issuer’s USDT supply grew to approximately $184.6 billion by June 30, marking a $446 million increase since Q1. This growth solidifies USDT’s dominance, now representing over 60 percent of the global stablecoin market.
Strong Asset Base and Profit Drivers
At the end of Q2, Tether’s total assets stood at nearly $187.75 billion, against liabilities of $183.64 billion. The bulk of liabilities around $183.62 billion stem from debt linked to issued digital tokens. The company’s profit primarily came from investments in US Treasury bonds and repurchase agreements, highlighting its conservative approach amid market volatility. Tether trimmed its exposure to secured loans by $2.38 billion, a 15 percent reduction from the previous quarter.
Gold Reserves and User Growth
Tether increased its physical gold reserves by 14 tons during the quarter, pushing its total holdings to over 146 tons. This move comes as the company navigates turbulent gold and Bitcoin markets while ensuring USDT remains fully backed by tangible assets. CEO Paolo Ardoino confirmed Tether is undergoing a thorough independent audit with one of the four major global auditors, aiming to bolster transparency. Meanwhile, the platform’s user base expanded by more than 30 million in Q2, reflecting growing adoption despite market uncertainties.
This content is for informational purposes only and should not be considered financial advice.
