Tether Posts $1.5 Billion Q2 Profit, Boosts Gold Reserves

Tether's financial performance in Q2 2026 has been impressive, with the company posting approximately $1.5 billion in net operating profit. This profit was mainly driven by returns from its US Treasury portfolio and repo operations.

The company's USDT supply rose to around $184.6 billion by the end of June, extending its share of the global stablecoin market to over 60%. Tether's total assets stood at $187.7 billion, while its total liabilities were $183.6 billion, resulting in excess reserves of approximately $4.1 billion.

Tether's reserve portfolio remains concentrated in high-quality liquid assets, with US government-backed securities forming the core of its holdings. The company cut secured lending by about $2.4 billion and expanded its physical gold reserves by 14 tons to more than 146 tons during the quarter.