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Tether discloses Q2 financial report: net operating profit reaches 1.5 billion USD, reserve assets exceed liabilities by 4.11 billion USD

Tether released its Q2 2026 financial report, as of June 30, with a USDT issuance of approximately $184.6 billion, an increase of about $446 million from the end of the first quarter, and the stablecoin market share rose to over 60%. The report was compiled by the independent accounting firm BDO.Tether's net operating profit for the second quarter was approximately $1.5 billion, primarily from U.S. Treasury bonds and repurchase agreements. At the end of the quarter, the company's total assets were approximately $187.751 billion, and total liabilities were about $183.642 billion, of which liabilities related to issued digital tokens were approximately $183.622 billion, with assets exceeding liabilities by about $4.11 billion.During the quarter, the company reduced its secured loan exposure by approximately $2.38 billion, a decrease of 15%; at the same time, it increased its physical gold holdings by 14 tons, bringing the total gold holdings to over 146 tons. Tether stated that it remains one of the largest buyers and holders of U.S. Treasury bonds globally, with the number of global users increasing by over 30 million this quarter.Tether CEO Paolo Ardoino stated that despite significant volatility in the gold and Bitcoin markets, USDT continues to have full reserve backing. The company also continued to advance the audit process with the Big Four accounting firms during the same period.
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