Tether Posts Record Profit as USDT Circulation Expands

Tether's Q2 2026 financials show the company continued to expand its dominance in the stablecoin market, despite overall industry slowdown. The company reported $1.5 billion in net operating profit for the quarter and increased its reserve surplus to $4.11 billion.

The total assets of Tether stood at $187.75 billion as of June 30, while liabilities were $183.64 billion, leaving reserves exceeding liabilities by approximately $4.11 billion.

USDT circulation climbed even as the broader stablecoin market contracted, pushing USDT to more than 60% of the global stablecoin market.