Skip to content
Back to Guavy Wire
Crypto

Tether's Profit Surges as Binance Experiences Massive USDT Outflow

Instruments
BTC USDT BNB
Share

Tether delivered $1.5 billion in net operating profit for Q2 and increased its gold reserves above 146 tons.

The company's USDT stablecoin was involved in a significant outflow from Binance, with 500 million units transferred to Tether's treasury.

This move coincided with Bitcoin climbing back to $65,000, and it remains unclear what prompted the transfer or its implications for market dynamics.

More on Crypto

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc