Tether Q2 profit hits $1.5B as USDT supply grows

Tether generated approximately $1.5 billion in net operating profit during the second quarter of 2026 as returns from US Treasury holdings and repo operations supported its earnings. Summary Tether recorded about $1.5 billion in quarterly operating profit, according to its BDO attestation. USDT supply reached approximately $184.6 billion, representing over 60% of the stablecoin market. The company reported $187.7 billion in assets and about $4.1 billion in excess reserves. Tether reduced secured loans by $2.4 billion while adding 14 tons to its gold holdings. Tether reports $4.1B in excess reserves Tether’s total assets stood at approximately $187.7 billion at the end of June, while its reported liabilities totaled $183.6 billion. The difference left the stablecoin issuer with roughly $4.1 billion in excess reserves. The figures appeared in Tether’s latest reserve attestation, prepared by accounting firm BDO and released Friday. US government-backed securities continued to account for the largest portion of the company’s reserve portfolio. Interest earned from that portfolio, along with returns from repo operations, provided the main source of Tether’s second-quarter profit. The co...