Tether Surges to New Heights with Record Profits and Gold Holdings

Tether's second quarter results show significant growth in its Treasury and gold holdings, as well as increased profits.

The stablecoin issuer generated approximately $1.5 billion in net operating profit during Q2 of 2026, according to its latest reserve attestation verified by BDO.

Tether's USDT circulation reached about $184.6 billion at the end of the quarter, increasing by roughly $446 million from Q1 and giving it more than 60% of the global stablecoin market.

The company's CEO, Paolo Ardoino, noted that its reserve strategy withstood market volatility across both Bitcoin and gold while maintaining full backing for USDT.