Tether posts $1.5 billion net operating profit in Q2, USDT circulating supply rises to $184.6 billion
2026-08-07 15:16
Odaily Planet Daily News Tether reported a net operating profit of $1.5 billion in the second quarter, primarily driven by interest income from its U.S. Treasury holdings and repurchase agreements. As of June 30, Tether's reserve buffer stood at $4.11 billion, with assets exceeding liabilities by the same amount.
USDT's circulating supply increased by $446 million to $184.6 billion, accounting for over 60% of the global stablecoin market. According to DeFiLlama data, the global stablecoin market is approximately $307 billion, and Tether remains one of the largest holders of U.S. Treasury securities.
Asset management firm BlackRock has launched two tokenized money market products aimed at stablecoin issuers, designed to help meet reserve requirements under the U.S. GENIUS Act. One of the funds tokenizes shares of its existing Treasury liquidity strategy on Ethereum, while the other is an institutional-grade money market instrument that supports multi-chain operations and automatically reinvests yields.
USDT's circulating supply increased by $446 million to $184.6 billion, accounting for over 60% of the global stablecoin market. According to DeFiLlama data, the global stablecoin market is approximately $307 billion, and Tether remains one of the largest holders of U.S. Treasury securities.
Asset management firm BlackRock has launched two tokenized money market products aimed at stablecoin issuers, designed to help meet reserve requirements under the U.S. GENIUS Act. One of the funds tokenizes shares of its existing Treasury liquidity strategy on Ethereum, while the other is an institutional-grade money market instrument that supports multi-chain operations and automatically reinvests yields.
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