Tether Posts $1.5B Net Profit Amid Growing User Base and Gold Holdings

Tether's latest financial report shows the stablecoin issuer generated a net operating profit of $1.5 billion in Q2 2026, driven by yields from US Treasuries and related instruments.

This figure builds on the $1.04 billion reported in Q1 2026, with total assets backing approximately 184.6 billion tokens reaching $187.75 billion against liabilities of $183.64 billion as of June 30, 2026.

The reserve buffer stands at $4.11 billion, down from the excess reserve of $8.23 billion reported in Q1 2026.

Tether's physical gold holdings have exceeded 146 metric tons after adding roughly 14 tons during the second quarter alone.

One notable figure is the user base: over 650 million people now hold or use USDT, roughly 8% of the global population. This growth is concentrated in emerging markets where USDT serves as a de facto savings vehicle and cross-border payment rail for populations that either can't access or don't trust their local banking systems.