Tether Reports $1.5 Billion Net Operating Profit in Q2, Reserve Buffer Reaches $4.11 Billion
2026-07-31 15:01
Odaily Planet Daily News: Tether International, S.A. de C.V. has released its Q2 2026 assurance report, prepared by global independent accounting firm BDO, confirming Tether's financial data and reserve report, and outlining the assets backing USD₮ as of June 30, 2026.
As of the end of Q2, USD₮ issuance stood at approximately $184.6 billion, an increase of about $446 million from the end of Q1, with its stablecoin market share exceeding 60%. Tether reported a net operating profit of approximately $1.5 billion in Q2, primarily derived from U.S. Treasuries and repurchase operations.
As of quarter-end, Tether's total assets were $187.751 billion, with total liabilities of $183.642 billion, of which $183.622 billion was related to issued digital tokens. Its assets exceeded liabilities by approximately $4.11 billion, and secured loan exposure decreased by approximately $2.38 billion, a reduction of 15%.
Tether CEO Paolo Ardoino stated that USD₮ remains fully backed by reserves, with 14 tons of physical gold added during the quarter and a global user base expansion of over 30 million new users. Tether also continued to advance the audit process with Big Four accounting firms during Q2.
As of the end of Q2, USD₮ issuance stood at approximately $184.6 billion, an increase of about $446 million from the end of Q1, with its stablecoin market share exceeding 60%. Tether reported a net operating profit of approximately $1.5 billion in Q2, primarily derived from U.S. Treasuries and repurchase operations.
As of quarter-end, Tether's total assets were $187.751 billion, with total liabilities of $183.642 billion, of which $183.622 billion was related to issued digital tokens. Its assets exceeded liabilities by approximately $4.11 billion, and secured loan exposure decreased by approximately $2.38 billion, a reduction of 15%.
Tether CEO Paolo Ardoino stated that USD₮ remains fully backed by reserves, with 14 tons of physical gold added during the quarter and a global user base expansion of over 30 million new users. Tether also continued to advance the audit process with Big Four accounting firms during Q2.
Recommended Articles
